
Define commerce as the study of buying, selling, and distributing goods and services to enable world trade, and explore its functions, scope, and impact on living standards.
Explore career opportunities in commerce across public and private sectors, from budget analysis and administration to marketing, accounting, and human resources, with key education requirements.
Examine the factors shaping commerce growth in West Africa, including capital limits, political instability, low per capita income, and transport issues, plus the roles of e-commerce and tourism.
Explore how division of labor breaks production into smaller tasks and drives specialization, exchange, and value creation, and examine types of specialization such as geographical and gender-based roles.
Analyze arguments for and against eliminating wholesalers as a distribution channel, and examine channel types, forms, and factors shaping choice, including direct, indirect, and multi-channel systems.
Define foreign trade as international trade, the exchange of goods and services between countries. Identify types such as bilateral and multilateral trade, and note barriers, reasons, import and export.
Discover visible trade of tangible goods and invisible trade in services, and understand how terms of trade and free trade influence a country’s imports and exports.
Explore key foreign trade documents, including consular invoices, bills of lading, certificates of origin, ship manifests, and licenses, and learn how they govern shipping, payment, and customs.
Explore the balance of payments, including current and capital accounts and monetary movements, the balance of trade, and remedies such as tariffs, foreign investment, and IMF involvement.
Analyze the functions of the customs and excise authority, preventive services, and the Nigeria Export Promotion Council, including tariff collection, smuggling prevention, export procedures, and trade information services.
Explore small scale retailing by examining hawkers, mobile shops, street traders, market traders, unit stores, and kiosks, and outline their costs, advantages, and disadvantages.
Explore modern trade retailing trends, including branding, self-service, aftersales service, packaging and pre-packaging, credit cards, and vending machines, with their advantages and drawbacks.
Explore the meaning and functions of the Nigerian Ports Authority and Nigerian Airports Authority, including facilities, dredging, security, docking, landing, refueling, and movement of ships, goods, and passengers.
Explore the banking system, including the meaning and origin of banks, commercial and central bank roles, account and cheque types, and central bank tools like open market operations and liquidity.
Explore sole proprietorships as one-person businesses with unlimited liability, profits owned by the owner, and capital from personal savings, bank loans, supplier credit, and government grants.
Define partnership and its formation, including deed of partnership, and identify sources of capital, profit sharing, and the general versus limited partnership types.
Explore the kinds of partners—active, general, limited, and nominal or quasi partners—their rights, advantages, disadvantages, and dissolution rules for partnerships.
Identify the roles of specialized banks, including development, merchant, savings, microfinance, community, mortgage banks, and their long-term credit for capital projects in agriculture, commerce, and industry.
Understand the meaning and features of a check as an unconditional order to pay on demand. Explore open and cross checks, and post-dated or stale checks.
Master Commerce from First Term to Third term!
Commerce is a very essential subject in the Commercial department of Secondary (or High) Schools all over Africa. Its essentiality stems long to even affect the competence and results of the students through their tertiary Education and Career. As importance as it is, is it sad to know that most students either pass with an average or even fail in school exams and even international papers like WASSCE.
This is may be attributed to a host of factors; mass learning enrolment of many school setting, inadequate delivery method adopted by teachers, low period duration to subject content ratio in school settings.
These factors eventually lead to loss of interest in the subject, wrong mindsets about the difficulty subject, inadequate preparation of students toward external examination etc.
This tutorial is actually the all-inclusive solution package we have provided to address all these problems. The classes contained here will take you into an exciting and expository look at all the topics in SSS (or SHS) 1 Commerce, as stipulated in the NERDC Scheme of Work.
The teaching approach to our classes is down-to-earth. We consider students of various backgrounds, experiences and needs in delivering the lessons. Many add-ons have been provided to enhance your participation in the classes. Whether you just need to pass school tests and exams, or you are looking to take the subject in NECO, WASSCE, GCE, JAMB etc, this Complete Session pack is just what you need.
We have made provision for downloadable e-notes/textbooks. You can easily download this, and follow the tutorial. You can still even find it helpful after class.
To every topic/class, there is attached, at least one quiz round. This will ensure that you encounter exam-likely questions and learn to solve them; without missing the fun! The classes also have loads of examples, exercises and assignments (o yes, just like in a regular class!)
The teaching delivery is super-interactive and fun. Apart from the explanations in the video classes, you can always know that I am right where you are watching! You can easily message me, for help anytime either directly or on the ‘Q and A’ online discussion forum. I assure you, it won’t just be you and me. You will also get to meet and interact with various other learners all across the country on the platform. Exciting isn’t it? You sure don’t want to miss out.
With our All-year access, on a single purchase, you can always revisit the lessons, until you are acquainted with all the concepts. I’ll really like to see you in class.
The topics treated in this tutorial lesson follow the NERDC Scheme of Work for SSS (or SHS) 1 Commerce. A few of these are listed as follows:
Meaning, Scope and Functions of Commerce
Occupation
Production
Division of Labour Specialization and Exchange
Retail Trade
Wholesale Trade
Warehousing
Foreign Trade -Introduction
Balance of Trade, Term of Trade, Balance of Payments and Others
Foreign Trade
Customs and Excise Authority
Terms of Quoting Prices / Methods of Payment in Foreign Trade
Ports Authority
Transportation
Business Organizations - Sole Proprietorship
Money
Central Bank
Commercial Bank
The Cheque System
Negotiable Instruments Bills of Exchange and Others
Other Financial Institutions
In this tutorial lesson, ample time has been taken to comprehensively explain each of these topics. Detailed guide have also been provided to solving the various exercises under each.
After completing your enrolment, we will provide you with the certificate for the course. This will serve as proof of your participation in this program. Are you ready? Enrol right away!
Who This Tutorial lesson is for:
Students Preparing to resume into SSS (OR SHS) 1
Students who need better understanding of the SSS 1 Commerce
Candidates preparing to take WASSCE, JAMB, NECO, GCE etc
Teachers or Tutors who need quick, in-depth revision or study of the topics
Parents/Guardians who desire to guide Children or Wards in studying or solving questions from SSS (OR SHS) 1 Commerce Topics