Learn/NECO SSCE/Syllabus/CommerceStudy this course in LearnPractice opens in your NECO SSCE workspace after you sign in. Questions and lecture notes stay there.Practice this courseOpen lecture notesOfficial rules, eligibility, and dates stay on the NECO SSCE guide.course outlineOCCUPATIONMeaning of OccupationTypes;- Industrial, Commercial, Service OccupationFactors that determine types of occupation / employmentCareer OpportunitiesPRODUCTIONMeaningFactors – land, labour, capital and entrepreneurshipTypes:- Primary, Secondary and Tertiary productionDivision of labour/specializationInter-relationship between production and exchangeBUSINESS UNITSMeaning and objectives of businessForms of business unitsTypes, Formation, characteristics, comparison, advantages and disadvantagesSources of capital of each forms of businessMeaning and purpose of Amalgamations, Mergers and acquisitions, Trust, Holding companies and Subsidiaries, Consortium and CartelDissolution/Liquidation of Companies/Partnership.TRADE ASSOCIATIONSAims and functions of Trade AssociationChamber of Commerce, Employers AssociationConsumer Association/ConsumerismBUSINESS CAPITAL AND PROFITSMeaning and types Authorized/Registered/Normal capital, called-up, paid-up capital, capital owned, liquid/circulating capitalCredit - Meaning, Sources, Instrument and FunctionsCalculation of working capital, the Importance of working capitalProfits - Meaning, types and calculation of profitTurnover - Meaning, calculations and factors affecting turnover.TRADEHOME TRADEFOREIGN TRADEPURCHASE AND SALE OF GOODS IN HOME AND FOREIGN TRADEProcedure and documents used in businessPrice Quotation - Trade discount, Cash discount, Quantity discount, COD, CWO, CIF, FOB, E & OE, Ex-works, LOCO, FAS, FOR and FrancoTerms of Payment: Cash/Spot Payment, Purchase and deferred payment.Means of payment - Legal tender – (bank notes and coins), cheques, standing order, bank draft, stamps, postal-orders, money orders, bills of exchange and promissory Note, mail transfer, traveller's cheques, telegraphic transfer. EpaymentFINANCE AND FINANCIAL INSTITUTIONSMONEYBANKSE. BankingTypes of Accounts: Current, Savings and Fixed Deposit Account - Their main featuresINSURANCECAPITAL MARKETSecond tier Security marketSTOCK EXCHANGE (first tier)COMMODITY EXCHANGETRANSPORT, TOURISM, COMMUNICATION and WAREHOUSINGTRANSPORT,TOURISMCOMMUNICATIONWAREHOUSINGADVERTISINGMeaningRoles, advantages and disadvantagesTypes - informative, persuasive, Competitive, mass/specificMethods - direct and indirectMedia- meaning, choice and typesINTRODUCTION TO MARKETINGMARKETINGMarketing ConceptCustomer ServicesSales PromotionLEGAL ASPECT OF BUSINESSAreas of law that relate to BusinessConsumer ProtectionGovernment policies relating to businessCommercialsationPrivatisationDeregulationINTRODUCTION TO BUSINESS MANAGEMENTMeaningObjectives of businessMeaning of Business ManagementFunctionsBusiness ResourcesStructure of Business organizational setupBusiness and its environment EconomicalSocial responsibility of Business to the SocietyImportance of Inter and Intra departmental communicationsECONOMIC GROUPINGSECOWASNIGERBASIN COMMISSION (NBC)LAKECHADBASIN COMMISSION (LCBC)MANO-RIVER UNIONEUROPEAN UNIONWEST AFRICAN CLEARING HOUSEOther TopicsCompany ownershipTrade and commerceMarketing mixIndigenisation policyBusiness communicationBanking and financeBalance of tradeConsumer protection lawsBusiness studies/human resource managementBusiness ownershipBusiness organizationsBills of exchangeInsuranceRetail and distributionDivision of labourPostal servicesConsumer protectionStorage and warehousingTrade termsExtractive industry
