SS1 FIRST TERM
WEEK TOPIC/CONTENT ACTIVITIES
1 INTRODUCTION TO COMMERCE Teacher should discuss
COMMERCE commerce in detail, identify the
differences between commerce
- Meaning and e-commerce.
- Scope functions
- Characteristics Students to participate actively in
- E- commerce, meaning, and class discussion from the board.
functions
Resources; diagrams/charts.
2 HISTORY OF COMMERCE The teacher guides the students’
discussion on evolution of
- Historical background of commerce in Nigeria and leads
commerce in Nigeria.
the discussion on barter system.
- Factors affecting the growth of
commerce. Resources; cowries and museum
- The barter system.
materials.
3 OCCUPATION Teacher discusses occupation
and types in detail and lists
- Meaning factors affecting employment.
- Classifications; industrial,
commercial and services Students participate actively in
occupation. the class discussion.
- Factors that determine types of
occupation and employment. Resources; a diagram illustrating
types of occupation.
4 PRODUCTION Teacher discusses production in
details.
- Meaning and types of industry
(primary & secondary). Students copy notes.
- Commerce (aids trade).
- Services/tertiary (direct & indirect) Resources; illustrate with a
diagram.
5 PRODUCTION Teacher picks a production of
simple products like envelop in
- Factors determining the volume of the class and divides labour
production.
amongst the students.
- Factors of production ; land, labor,
capital, entrepreneur. Students participate actively in
- Division of labour; meaning, their groups.
advantages and disadvantages.
- Limitations to division of labour. Resources; charts, eco-journals.
- Specialization and exchange.
- Interrelationship between
production, division of labour,
exchange and specialization.
6 TRADE The teacher uses the diagram to
illustrate the different types of
-Meaning and types of trade. trade.
-Home trade
-Foreign trade Students copy the illustration.
-Entrepot trade
-Relationship among the different Resources; diagram and chart.
types of trade.
7 HOME TRADE The teacher could arrange visit to
two or more retail shops and
-Characteristics and functions of interview the owners.
retail trade, highlight the features,
advantages and disadvantages of Students participate actively.
retail trade.
- Factors to be considered before Resources; charts, journals,
setting up retail shop. pictures.
- Small scale retailing; hawking,
mobile shops, kiosk etc
- Meaning, characteristics,
advantages, and disadvantages
of each.
8 SMALL SCALE RETAILING The teacher arrange visit to
market shops and interviews the
- Store/market trader- meaning, owners.
characteristics, features,
advantages and disadvantages. Students argue for and against
- Unit/tied shop- meaning, the elimination and survival of
characteristics, features,
retailers and wholesalers in
advantages and disadvantages.
- Reasons for survival or small trade.
scale retailers. Resources; charts, pictures,
- Problems of small scale retail
journals.
business.
9 LARGE SCALE RETAIL TRADE; Teacher explains the
TYPES organizational set-up of each of
the retail trade.
- Super market; meaning, features,
advantages and disadvantages. Students participate fully in the
- Departmental store; meaning, discussion.
features, advantages, and
disadvantages. Resources; examples of
- Multiple/chain store; meaning, supermarkets and departmental
features, advantages and store in Nigeria.
disadvantages.
10 LARGE SCALE RETAIL Teacher examines the
organizational set up of each
- Mail order business r firms; type of retail trade, and also
meaning, features, advantages
examines the role of wholesaler
and disadvantages.
- Hyper market- meaning, features, in the chain of distribution.
adv. & disadvantages.
- Variety store/one top shop-
meaning, features, advantages
and disadvantages.
- Retail/whole sale co-operative
society; meaning, features,
advantages and disadvantages.
-
11 MODERN TREND IN RETAILING
-Branding –meaning, advantages
and disadvantages.
- Self services; meaning,
advantages and disadvantages.
- After sale services- meaning,
advantages and disadvantages.
- Describe necessary documents
used in home trade.
12 MODERN TREND CONTD.
- Vending machine; meaning,
advantages, and disadvantages.
- Reasons why retail trade may fail.
13 Revision Revision
14 examination examination
COMMERCE
SS1 SECOND TERM
WEEK TOPIC/CONTENT ACTIVITIES
1 WHOLESALE TRADE Teacher discusses functions of
wholesale in detail.
- Meaning and functions to the;
a. Manufacture Students copy notes from the
b. Retailer. board.
- Differences between wholesaler
and retailer. Teacher illustrates with diagram
- Channels of distribution the channels of distribution.
- Factors to be considered before
choosing a particular channel of Resources; diagram, charts.
distribution.
2 MIDDLE MEN Teacher discusses the activities
of middlemen in business.
-Meaning, elimination and survival
of the middlemen. Students participate in argument
- Criticism/reasons that may for and against the elimination of
warrant the elimination of middlemen in the chain of
middlemen.
distribution.
- Types of wholesalers.
- Merchant wholesaler; functions
and types.
- Agent middlemen; types, brokers,
manufacturers, agent and
aunctioneers.
- Commission agent, delcredere
agent.
3 WARE HOUSING Teacher lists and explains in
detail types of warehousing.
- Warehousing;- meaning and
importance. Students participate actively in
- Types of warehousing, bonded discussing of types of
warehousing. warehousing.
- State/queen’s warehousing
- Public warehousing
- Manufacturer’s warehousing.
4 FOREIGN TRADE Teacher guides students in class
discussion, gives division of
- Meaning and types (bilateral and foreign trade and lists the
multilateral)
barriers.
- Advantages and disadvantages of
foreign trade. Students writes notes on the
- State barriers to foreign trade.
topic.
- Differentiate between export,
import and entrepot.
- Procedures for foreign trade. Resources; diagram and
documents of foreign trade and
brochures from custom and
exercise etc
5 BALANCE OF TRADE AND BALANCE Teacher differentiates between
OF PAYMENT balance of trade and balance of
payment.
- Distinguish between balance of
trade and balance of payment. Students participate actively in
- Reasons for imposing the discussion.
tariffs/restrictions in foreign trade.
Resources; documents used in
foreign trade (samples)
6 DOCUMENTS USED IN FOREIGN
TRADE
- Mail transfer, documentary credit,
letter of hypothecation.
- Foreign bill of exchange, travelers
cheque, telegraphic transfer, etc
- Custom and exercise functions.
- Nigerian export promotion
council;- functions.
7 NIGERIAN AIRPORT AUTHORITY Teacher discusses function of
Nigerian ports authority, and
- Nigerian airport authority and Nigerian airport authority, guides
Nigerian ports authority;-
students to some commodities
functions.
- Nigerian export authority;- produced in Nigeria.
functions.
Students differentiates types of
- Commodity exchange;- meaning,
commodities, i.e agricultural
types of tradeable commodities,
agricultural produce, solid produce, solid minerals, oil and
minerals, oil and gas. (list gas.
commodities and classify)
- Requirements for trading, grading Resources; organize excursion to
system, warehousing, clearing airport, etc, use pictures, charts,
system, standardizing. and sample of commodities.
8 COMMODITY EXCHANGE CONTD Teacher guides students to
identify commodities to be
Types (spot, forward features), exchanged.
method of trading, open, outcry,
electronic.
Benefits of commodity exchange. Students copy notes on
-Increase in agricultural commodity exchange.
production.
- Stabilization in agricultural Resources; pictures, charts,
product pricing. samples of commodities.
- Encourage exploration of solid
minerals,
- Foreign exchange earnings,
- Increased agricultural output and
quality.
Constraints to commodity trading;
- Inadequate supply
- Poor storage
- Bad weather
- Ethical issues
- Middlemen, inadequate
knowledge of commodity
exchange.
9 COMMODITY EXCHANGE Teacher leads discussion on sole
proprietorship.
-Differentiate between commodity
and stock Students suggest the
- Items traded; tangible and advantages, disadvantages and
intangible methods of pricing. the sources of capital.
- Sole proprietorship; meaning,
features and sources of capital, Resources; journals and charts.
advantages and disadvantages.
- Partnership; meaning, types,
formation and agreement.
10 PARTNERSHIP CONTD Teacher leads discussion on
partnership, and distinguishes
- Sources of capital;- advantages between sole proprietorship and
and disadvantages.
explains different types of
- Dissolution
partnership.
Students participate in class
discussion and copy notes.
Resources; sample of
partnership deed.
11 Revision Revision
12 Examination examination
COMMERCE
SS1 THIRD TERM
WEEK TOPIC/CONTENT ACTIVITIES
1 CAREER OPPORTUNITIES The teacher invites a business
executive like a banker or
- Types of occupation insurance broker, to give a talk
- Career opportunity
on their profession.
- Requirements for the various
careers, factors to be considered Students listen to and ask
before choosing career. questions.
- Career hazard
Resources; pictures of workers at
work.
2 CO-OPERATIVE SOCIETIES; Teacher leads students to
discuss on co-operative
- Definition, formation, societies.
characteristics and history of co-
operative movement. Students participate actively in
- Types of co-operative societies; the class discussion.
- Consumer co-operative
- Producer cooperative Resources; co-operative
- Wholesaler cooperative society’s constitution.
- Retailer cooperative
- Thrift and credit societies
- Multi-purpose.
3 CO-OPERATIVE SOCIETIES CONT Teacher leads students to
discuss on co-operative
Advantages, disadvantages, and societies.
problems of co-operative societies
in Nigeria. Students participate actively in
Public enterprises; meaning,
the class discussion.
formation, management and
sources of capital. Resources; co-operative
society’s constitution.
4 PUBLIC ENTERPRISES CONTD Teacher identifies and makes a
list of public enterprises in the
Reasons for government locality.
ownership of public enterprises.
Advantages and disadvantages of Students identify public
public enterprises.
enterprises in their locality.
Discuss various types of public
enterprises and their methods of
formation. Resources; memorandum and
article of association.
5 LIMITED LIABILITIES COMPANIES Teacher gives examples of
private and public limited liability
Meaning, companies in their locality.
Types; private and public
Formation (legal requirement for Resources; memorandum and
the formation of a limited liability article of association, share
company), memorandum of
association, article of association, certificates.
prospectus, certificate of
incorporation and trading.
6 LIMITED LIABILITY COMPANIES Teacher gives examples of
CONTD private and public limited liability
companies in their locality.
Sources of capital;
a. Shares, debentures, retained Resources; memorandum and
profit, loans, and overdraft, etc article of association, share
Other sources of capital; trade
certificates.
credits, equipment/leasing.
Advantages and disadvantages of
limited companies.
Liquidation/dissolution of a limited
liability company.
7 TRADE ASSOCIATION AND OTHER Teacher organizes a visitation to
ENTERPRISES local chamber of commerce.
Definition and examples Students participate in the
Aims and functions visitation to a local chamber of
Chamber of commerce;- meaning, commerce.
aims, functions, and structure.
Consortium, cartel, Resources; pamphlets on trade
amalgamation/merger/combine association constitution.
trust holding.
8 MONEY Teacher explains in detail the
history and forms of money.
Meaning, history/ evolution of
money. Students participate actively in
Qualities of money the discussion.
Types and forms of money.
Similarities and differences Resources; forms of money,
between money and other paper, coins etc.
communities used for exchange in
trade by barter.
9 TRANSPORTATION
Meaning, importance and forms.
Land (road & rail) advantages and
disadvantages.
Water (advantages and
disadvantages).
10 TRANSPORTATION CONTD. Teacher shows different
documents used in
Forms of transportation; air transportation.
transportation;- advantages and
disadvantages. Students provide some
Pipeline; advantages and
documents too.
disadvantages.
Identify documents used in Resources; delivery notes,
transportation.
advice note etc
11 COMMUNICATION Teacher leads discussion on
types of communication.
Definition
Types;- oral, written, visual, non- Students mention and explain
verbal etc types of communication.
Advantages and disadvantages of
communication. Resources; charts, computer,
phones etc.
12 Revision Revision
13 Examination Examination