COMMERCE SS1 FIRST TERM
THIS SCHEME OF WORK CONTAINS WEEK ,TOPIC/CONTENT, ACTIVITIES, RESOURCES FOR EASY LESSON PLANNING
1 INTRODUCTION TO COMMERCE
Teacher should discuss
- Scope functions
- Characteristics
- E- commerce, meaning, and
functions
commerce in detail, identify the
differences between commerce
and e-commerce.
Students to participate actively in
class discussion from the board.
Resources; diagrams/charts.
2 HISTORY OF COMMERCE - Historical background of
commerce in Nigeria. - Factors affecting the growth of
commerce. - The barter system.
The teacher guides the students’
discussion on evolution of
commerce in Nigeria and leads
the discussion on barter system.
Resources; cowries and museum
materials.
3 OCCUPATION - Meaning
- Classifications; industrial,
commercial and services
occupation. - Factors that determine types of
occupation and employment.
Teacher discusses occupation
and types in detail and lists
factors affecting employment.
Students participate actively in
the class discussion.
Resources; a diagram illustrating
types of occupation.
4 PRODUCTION - Meaning and types of industry
(primary & secondary). - Commerce (aids trade).
- Services/tertiary (direct & indirect)
Teacher discusses production in
details.
Students copy notes.
Resources; illustrate with a
diagram.
5 PRODUCTION - Factors determining the volume of
production. - Factors of production ; land, labor,
capital, entrepreneur. - Division of labour; meaning,
advantages and disadvantages. - Limitations to division of labour.
- Specialization and exchange.
- Interrelationship between
Teacher picks a production of
simple products like envelop in
the class and divides labour
amongst the students.
Students participate actively in
their groups.
Resources; charts, eco-journals.
exchange and specialization.
6 TRADE
- Home trade
- Foreign trade
- Entrepot trade
- Relationship among the different
types of trade.
The teacher uses the diagram to
illustrate the different types of
trade.
Students copy the illustration.
Resources; diagram and chart.
7 HOME TRADE - Characteristics and functions of
retail trade, highlight the features,
advantages and disadvantages of
retail trade. - Factors to be considered before
setting up retail shop. - Small scale retailing; hawking,
mobile shops, kiosk etc - Meaning, characteristics,
advantages, and disadvantages
of each.
The teacher could arrange visit to
two or more retail shops and
interview the owners.
Students participate actively.
Resources; charts, journals,
pictures.
8 SMALL SCALE RETAILING - Store/market trader- meaning,
characteristics, features,
advantages and disadvantages. - Unit/tied shop- meaning,
characteristics, features,
advantages and disadvantages. - Reasons for survival or small
scale retailers. - Problems of small scale retail
business.
The teacher arrange visit to
market shops and interviews the
owners.
Students argue for and against
the elimination and survival of
retailers and wholesalers in
trade.
Resources; charts, pictures,
journals.
9 LARGE SCALE RETAIL TRADE;
TYPES - Super market; meaning, features,
advantages and disadvantages. - Departmental store; meaning,
features, advantages, and
disadvantages. - Multiple/chain store; meaning,
features, advantages and
disadvantages.
Teacher explains the
organizational set-up of each of
the retail trade.
Students participate fully in the
discussion.
Resources; examples of
supermarkets and departmental
10 LARGE SCALE RETAIL
- Mail order business r firms;
meaning, features, advantages
and disadvantages. - Hyper market- meaning, features,
adv. & disadvantages. - Variety store/one top shop-
meaning, features, advantages
and disadvantages. - Retail/whole sale co-operative
society; meaning, features,
Teacher examines the
organizational set up of each
type of retail trade, and also
examines the role of wholesaler
in the chain of distribution.
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
COMMERCESS1 SECOND TERM
WEEK TOPIC/CONTENT ACTIVITIES
1 WHOLESALE TRADE - Meaning and functions to the;
a. Manufacture
b. Retailer.
Teacher discusses functions of
wholesale in detail.
Students copy notes from the
and retailer.
- Channels of distribution
- Factors to be considered before
choosing a particular channel of
distribution.
board.
Teacher illustrates with diagram
the channels of distribution.
Resources; diagram, charts.
2 MIDDLE MEN - Meaning, elimination and survival
of the middlemen. - Criticism/reasons that may
warrant the elimination of
middlemen. - Types of wholesalers.
- Merchant wholesaler; functions
and types. - Agent middlemen; types, brokers,
manufacturers, agent and
aunctioneers. - Commission agent, delcredere
agent.
Teacher discusses the activities
of middlemen in business.
Students participate in argument
for and against the elimination of
middlemen in the chain of
distribution.
3 WARE HOUSING - Warehousing;- meaning and
importance. - Types of warehousing, bonded
warehousing. - State/queen’s warehousing
- Public warehousing
- Manufacturer’s warehousing.
Teacher lists and explains in
detail types of warehousing.
Students participate actively in
discussing of types of
warehousing.
4 FOREIGN TRADE - Meaning and types (bilateral and
multilateral) - Advantages and disadvantages of
foreign trade. - State barriers to foreign trade.
- Differentiate between export,
import and entrepot. - Procedures for foreign trade.
Teacher guides students in class
discussion, gives division of
foreign trade and lists the
barriers.
Students writes notes on the
topic.
Resources; diagram and
documents of foreign trade and
brochures from custom and
exercise etc
5 BALANCE OF TRADE AND BALANCE Teacher differentiates between
balance of trade and balance of
- Distinguish between balance of
trade and balance of payment. - Reasons for imposing
tariffs/restrictions in foreign trade.
payment.
Students participate actively in
the discussion.
Resources; documents used in
foreign trade (samples)
6 DOCUMENTS USED IN FOREIGNTRADE - 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 - Nigerian airport authority and
Nigerian ports authority;-
functions. - Nigerian export authority;-
functions. - Commodity exchange;- meaning,
types of tradeable commodities,
agricultural produce, solid
minerals, oil and gas. (list
commodities and classify) - Requirements for trading, grading
system, warehousing, clearing
system, standardizing.
Teacher discusses function of
Nigerian ports authority, and
Nigerian airport authority, guides
students to some commodities
produced in Nigeria.
Students differentiates types of
commodities, i.e agricultural
produce, solid minerals, oil and
gas.
Resources; organize excursion to
airport, etc, use pictures, charts,
and sample of commodities.
8 COMMODITY EXCHANGE CONTD
Types (spot, forward features),
method of trading, open, outcry,
electronic.
Benefits of commodity exchange. - Increase in agricultural
production. - Stabilization in agricultural
product pricing. - Encourage exploration of solid
minerals,
Teacher guides students to
identify commodities to be
exchanged.
Students copy notes on
commodity exchange.
Resources; pictures, charts,
samples of commodities.
- 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 - Differentiate between commodity
and stock - Items traded; tangible and
intangible methods of pricing. - Sole proprietorship; meaning,
features and sources of capital,
advantages and disadvantages. - Partnership; meaning, types,
formation and agreement.
Teacher leads discussion on sole
proprietorship.
Students suggest the
advantages, disadvantages and
the sources of capital.
Resources; journals and charts.
10 PARTNERSHIP CONTD - Sources of capital;- advantages
and disadvantages. - Dissolution
Teacher leads discussion on
partnership, and distinguishes
between sole proprietorship and
explains different types of
partnership.
Students participate in class
discussion and copy notes.
Resources; sample of
partnership deed.
11 Revision Revision
12 Examination examination
COMMERCESS1 THIRD TERM
WEEK TOPIC/CONTENT ACTIVITIES
1 CAREER OPPORTUNITIES - Types of occupation
The teacher invites a business
executive like a banker or
insurance broker, to give a talk
- Requirements for the various
careers, factors to be considered
before choosing career. - Career hazard
on their profession.
Students listen to and ask
questions.
Resources; pictures of workers at
work.
2 CO-OPERATIVE SOCIETIES; - Definition, formation,
characteristics and history of co-
operative movement. - Types of co-operative societies;
- Consumer co-operative
- Producer cooperative
- Wholesaler cooperative
- Retailer cooperative
- Thrift and credit societies
- Multi-purpose.
Teacher leads students to
discuss on co-operative
societies.
Students participate actively in
the class discussion.
Resources; co-operative
society’s constitution.
3 CO–OPERATIVE SOCIETIES CONT
Advantages, disadvantages, and
problems of co-operative societies
in Nigeria.
Public enterprises; meaning,
formation, management and
sources of capital.
Teacher leads students to
discuss on co-operative
societies.
Students participate actively in
the class discussion.
Resources; co-operative
society’s constitution.
4 PUBLIC ENTERPRISES CONTD
Reasons for government
ownership of public enterprises.
Advantages and disadvantages of
public enterprises.
Discuss various types of public
enterprises and their methods of
formation.
Teacher identifies and makes a
list of public enterprises in the
locality.
Students identify public
enterprises in their locality.
Resources; memorandum and
article of association.
5 LIMITED LIABILITIES COMPANIES
Meaning,
Types; private and public
Formation (legal requirement for
the formation of a limited liability company)
Teacher gives examples of
private and public limited liability
companies in their locality.
Resources; memorandom and memorandum of
association, article of association,
prospectus, certificate of
incorporation and trading.
article of association, share
certificates.
6 LIMITED LIABILITY COMPANIESCONTD
Sources of capital;
a. Shares, debentures, retained
profit, loans, and overdraft, etc
Other sources of capital; trade
credits, equipment/leasing.
Advantages and disadvantages of
limited companies.
Liquidation/dissolution of a limited
liability company.
Teacher gives examples of
private and public limited liability
companies in their locality.
Resources; memorandum and
article of association, share
certificates.
7 TRADE ASSOCIATION AND OTHERENTERPRISES
Definition and examples
Aims and functions
Chamber of commerce;- meaning,
aims, functions, and structure.
Consortium, cartel,
amalgamation/merger/combine
trust holding.
Teacher organizes a visitation to
local chamber of commerce.
Students participate in the
visitation to a local chamber of
commerce.
Resources; pamphlets on trade
association constitution.
8 MONEY
Meaning, history/ evolution of
money.
Qualities of money
Types and forms of money.
Similarities and differences
between money and other
communities used for exchange in
trade by barter.
Teacher explains in detail the
history and forms of money.
Students participate actively in
the discussion.
Resources; forms of money,
paper, coins etc.
9 TRANSPORTATION
Meaning, importance and forms.
Land (road & rail) advantages and
disadvantages.
Water (advantages and
disadvantages).
10 TRANSPORTATION CONTD.
Forms of transportation; air
Teacher shows different
documents used in
disadvantages.
Pipeline; advantages and
disadvantages.
Identify documents used in
transportation.
transportation.
Students provide some
documents too.
Resources; delivery notes,
advice note etc
11 COMMUNICATION
Definition
Types;- oral, written, visual, non-
verbal etc
Advantages and disadvantages of
communication.
Teacher leads discussion on
types of communication.
Students mention and explain
types of communication.
Resources; charts, computer,
phones etc.
12 Revision Revision
13 Examination Examination