Commerce Lesson Note SS1
FIRST TERM E-LEARNING NOTE SUBJECT: COMMERCE CLASS: SSS 1 SCHEME OF WORK WEEK TOPIC 1 Meaning, Scope and Functions of Commerce. 2 Occupation 3 Production 4 Division of Labour, Specialization and Exchange 5 Retail Trade 6 Small Scale Retailing 7 Large Scale Retailing 8 Modern Trends in Retailing 9 Wholesale Trade 10 Warehousing 11 Revision 12 Examination WEEK ONE TOPIC: MEANING, SCOPE AND FUNCTIONS OF COMMERCE CONTENT The Importance of Commerce History of Commerce in Nigeria /West Africa Divisions of Commerce DEFINITION OF COMMERCE Commerce is the study of production, distribution and exchange of goods and services aimed at satisfying human wants and in order to earn a living. THE IMPORTANCE (FUNCTIONS) OF COMMERCE 1. It provides employment opportunities for the people. 2. It makes production an