Commerce is the exchange of goods and services, especially on a large scale. It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade.

In the economic sense, “commerce” refers to the conduct of trade among economic agents. Commerce generally affects the well-being and welfare of citizens and residents, as it is known to directly impact the money which people have and their job opportunities as well. The term “commerce” may also refer to the buying and selling of commodities globally or across borders – between governments and between business firms.

 

Senior secondary School.

Lessons

SS2 1st CA On Commerce. Christmas Term.

Author: Chinwe

¬†¬†     SS 2 1st C A on Commerce, Christmas Term.   1. Write ‚ÄėHow you intend to start a business as a ‚ÄúSole Proprietor‚ÄĚ. 2. When starting a business, one of the first decisions of the owner, is to choose a structure to use. Write the difference between these business structures: sole proprietorship ….  Read More

SS2 1st C. A Commerce. Christmas Term.

Author: Chinwe

  SS2 1st¬† CA, Bookkeeping. Christmas Term.       What is single entry system ?     Prepare a single column and¬† double column¬† single entry system¬† of bookkeeping with the information below.   April 7, capital ‚ā¶7000, April 9, purchased goods ‚ā¶2000,00,¬† April 12, sold toiletries ‚ā¶2000,00,¬† April 14 sold plates, ‚ā¶5000.00 April ….  Read More

SS2 Commerce Lesson 4, Christmas Term. Introduction to Retail Trade.

Author: Chinwe

  Lesson 4 Retail Trade. Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer. It is the link between wholesalers or manufacturers and the customers of the product. Typically retailers sell goods in small quantities to consumers for personal use, not for resale or business ….  Read More

YHWH HAMASCHIAC School, SS2 Christmas Term Examinations. Commerce.

Author: Chinwe

        YHWH HAMASCHIAC School Examination. Term: Christmas. Subject: Commerce. Class: SS2. Time : 1 hr 30 minutes. Instruction: Answer 4 questions. Question 3 and 4 very compulsory.   1. What is SWOT analysis? 2. How can SWOT analysis be used to evaluate existing business. 3. List out 3 factors to consider before ….  Read More

SS2 Easter Term Lesson 3, Commerce. Trade Associations

Author: Chinwe

    Trade Associations       Definition of Trade Associations ‚ÄúA trade association is a voluntary organization of independent business units in the same branch of industry, which conducts co-operatively activities aimed at improving the welfare of the group, which does not deprive its members of the power to make essential managerial decisions.‚ÄĚ Trade ….  Read More

SS2 Easter Term Lesson 5, Commerce. Chambers of Commerce. The Consortium.

Author: Chinwe

The Consortium.   What Is a Consortium? A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective. Entities that participate in a consortium pool resources but are otherwise only responsible for the obligations that are set out in the consortium’s agreement. Every ….  Read More

SS2 Easter Term Lesson 6, Commerce Foreign or International Trade (continuation). Foreign Trade.

Author: Chinwe

  ¬† ¬†Foreign or International Trade.     International trade¬†is the exchange of¬†capital,¬†goods, and¬†services¬†across¬†international borders or territories¬† due to a need or want of goods or services. In most countries, such trade represents a significant share of gross domestic product (GDP). International trade has been¬† existing throughout history , for example Uttarapatha, Silk Road, Amber ….  Read More

Easter Term, SS2, Lesson 7, Commerce. Topic: Barriers to International / Foreign Trade.

Author: Chinwe

    ¬† ¬† ¬† ¬† ¬†Barriers to Foreign Trade   Trade barriers are government-induced restrictions on international trade, which generally decrease overall economic efficiency. LEARNING OBJECTIVES Explain the different types of trade barriers and their economic effect KEY TAKEAWAYS Key Points Trade barriers cause a limited choice of products and, therefore, would force customers ….  Read More

YHWH HAMASCHIAC School, SS2 Commerce C.A.  Easter Term.

Author: Chinwe

    YHWH HAMASCHIAC School, SS2 Commerce C.A. ¬†Easter Term.   Time: 1 hour 30mins. Instruction: answer all questions.     1. List out 4 features of co-operative society ‚ÄĘ 2. Why do cultural barriers exist in foreign trade? Explain with reasons stated. ‚ÄĘ 3. Mention 4 barriers to foreign trade. 4 What is Consortium? ….  Read More