Commerce Scheme of work for SS1 first term, second term and third term

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

Meaning

• 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.

     production, division of labour,

     exchange and specialization.
6 TRADE

     Meaning and types of 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

      store in Nigeria.

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,

     advantages and disadvantages.

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

      Differences between wholesaler

      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

     Payment

• 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.

.   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
• 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

      Career opportunity

• 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

transportation;- advantages and

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

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