COMMERCE

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COMMERCE FORM FOUR NOTES ALL TOPICS

TOPIC 4: MANAGEMENT AND ORGANIZATION | COMMERCE FORM 4

The Meaning and Importance of Management Explain the meaning and importance of management Management – act of allocating resources to accomplish desired goals and objectives efficiently and effectively....
COMMERCE FORM FOUR NOTES ALL TOPICS

TOPIC 3: BUSINESS UNITS | COMMERCE FORM 4

The Term Business Units Explain the term business units A business organisation is one unit of control which is engaged in the production or distribution of...
COMMERCE FORM FOUR NOTES ALL TOPICS

TOPIC 2: INSURANCE | COMMERCE FORM 4

The Meaning of Insurence Define Insurance Insurance: is an agreement in which a person makes regular payments to a company and the company promises to pay money...
COMMERCE FORM FOUR NOTES ALL TOPICS

TOPIC 1: TAXATION | COMMERCE FORM 4

Meaning of Taxation Taxation refers to the practice of government collecting money from its citizens to pay for public services. or A means by which governments finance their expenditure...
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TOPIC 8: EXPORT TRADE | COMMERCE FORM 3

EXPORT TRADE The Meaning and Importance of Export Trade Explain the meaning and importance of export trade Is the selling of goods, materials or services to foreign...
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TOPIC 7: IMPORT TRADE | COMMERCE FORM 3

The Meaning of Importance of Import Trade Explain the meaning and importance of import trade Import trade is the trade that involves buying goods from abroad....
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TOPIC 6: INTERNATIONAL TRADE | COMMERCE FORM 3

The Meaning of International Trade Explain the meaning of international trade International trade, economic transactions that are made between countries. Among the items commonly traded are consumer...
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TOPIC 5: BANKING | COMMERCE FORM 3

Historical Background of Banking Explain the historical background of banking Banking can be defined as the business activity of accepting and safeguarding money owned by other...
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TOPIC 4: MONEY | COMMERCE FORM 3

The Historical Background of Money Explain the historical background of money Commerce plays a fundamental role in the satisfaction of human wants. In primitive societies, the producers...
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TOPIC 3: MARKETING | COMMERCE FORM 3

Meaning of the Term Market from “Marketing” Define the term “market” from “marketing” Marketing are activities of a company associated with buying and selling a product...
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TOPIC 2: COMMUNICATION | COMMERCE FORM 3 

Communication Mining of the Term Communication Define the term communication Communication is the transmission of information from one point or person to another point or person. Involves...
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TOPIC 1: TRANSPORTATION | COMMERCE FORM 3

The Meaning of the Term Transportation Define the term transportation Transport or transportation is the movement of people, animals and goods from one location to another. Modes of...
COMMERCE FORM TWO FULL NOTES

TOPIC 6: STOCK ADMINISTRATION | COMMERCE FORM 2

Meaning of the Term Administration Define the term stock administration Are the overseeing and controlling of the ordering, storage and use of components that a company...
COMMERCE FORM TWO FULL NOTES

TOPIC 5: WARE-HOUSING MANAGEMENT | COMMERCE FORM 2

Ware-Housing Management Ware-housing Management Meaning of the Terms Ware-housing and Ware-house Define the terms ware-housing and ware-house Warehousing is the institutional arrangement for the storage of goods i.e. receiving,...
COMMERCE FORM TWO FULL NOTES

TOPIC 4: WHOLESALE TRADE | COMMERCE FORM 2

Meaning of Wholesale Trade Define wholesale trade Wholesale trade is a form of trade in which goods are purchased and stored in large quantities and sold, in batches...
COMMERCE FORM TWO FULL NOTES

TOPIC 3: RETAIL TRADE | COMMERCE FORM TWO

Meaning of Retail Trade Define Retail Trade Retail trade is the sale of goods in small quantities to consumers. OR is a business activity involving buying goods and...
COMMERCE FORM TWO FULL NOTES

TOPIC 2: THE THEORY OF SUPPLY | COMMERCE FORM 2

Theory of Supply The Meaning of Supply Explain the meaning of supply What Is Supply? In economics, we have two forces: the producer, who makes things, and the...
COMMERCE FORM TWO FULL NOTES

TOPIC 1: THE THEORY OF DEMAND | COMMERCE FORM 2

Theory of Demand Demand is willingness (desire) and the ability to buy a certain quantity of a commodity at the going price at a specific period...

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