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SS1
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SS1 Commerce
» SS1 Commerce Past Questions and Answers
SS1 Commerce Past Questions and Answers
1st term
Meaning and Scope of commerce
Functions of commerce
Characteristics of commerce
E-commerce: meaning, and functions
Differences between commerce and e-commerce
Historical background of commerce in Nigeria.
Factors affecting the growth of commerce.
The barter system.
Meaning of occupation
Classifications of occupation.
Factors that determine types of occupation and employment.
Meaning and types of industry
Factors determining the volume of production.
Factors of production
Limitations to division of labour.
Specialization and exchange.
Meaning of trade
Types of trade
Relationship among the different types of trade.
Retail trade.
Factors to be considered before setting up retail shop.
Small scale retailing
Store/market trader
Unit/tied shop
Reasons for survival or small scale retailers.
Problems of small scale retail business.
Super market
Departmental store
Multiple/chain store
Mail order business firms
Hyper market
Variety store/one top shop
Retail/whole sale co-operative society
Branding
Self services
After sale services-
Factors to be considered before choosing a particular channel of distribution board.
Meaning, elimination and survival of the middlemen.
Criticism/reasons that may warrant the elimination of middlemen.
Merchant wholesaler: functions and types.
Agent middlemen
2nd term
Vending machine
Reasons why retail trade may fail.
Meaning and functions of Manufacturer and Retailer
Channels of distribution
Types of wholesalers.
Warehousing
Bonded warehousing
State/queen’s warehousing
Public warehousing
Manufacturer’s warehousing.
Meaning and types of foreign trade
Advantages and disadvantages of foreign trade.
Differentiate between export, import and entrepot.
Balance of trade and balance of payment.
Tariffs/restrictions in foreign trade.
Documents used in foreign trade
Nigerian export promotion council
Nigerian airport authority and Nigerian ports authority
Nigerian export authority
Commodity exchange
Requirements for trading
Types of commodity exchange
Benefits of commodity exchange.
Constraints to commodity trading
Differentiate between commodity and stock
Sole proprietorship
Partnership
3rd term
Types of career opportunities in commerce
The co-operative movement.
Types of co-operative societies
Public enterprises
Reasons for government ownership of public enterprises.
Advantages and disadvantages of public enterprises.
Types of public enterprises
Meaning of limited liability company
Types of limited liability company
Legal requirement for the formation of a limited liability company
Sources of capital
Other sources of capital
Advantages and disadvantages of limited companies.
Liquidation/dissolution of a limited liability company.
Definition of trade associations
Aims and functions of trade associations
Chamber of commerce
Types of business collaborations
Meaning and history/ evolution of money.
Qualities of money
Types and forms of money.
Meaning, importance and forms of transportation.
Land (road & rail) advantages and disadvantages.
Water (advantages and disadvantages).
Air transportation
Pipeline; advantages and disadvantages.
Definition of communication
Types of communication
Advantages and disadvantages of communication
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