COMMERCE
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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....
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
