SS1 Commerce Scheme of Work

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About SS1 Commerce Scheme of Work

Commerce involves a detailed study of trade, business activities, and the economic processes that enable the exchange of goods and services. This scheme of work by the Lagos State Government is designed to provide students with the foundational knowledge and skills needed to understand and participate in commercial activities.

The subject introduces students to fundamental principles and practices of commerce, covering areas such as trade, business organization, financial institutions, and economic systems. Students learn how goods and services are produced, distributed, and consumed in an economy by delving into these topics. Commerce is crucial for SSS1 students in Nigeria as it helps them have a basic understanding of business and trade, and offers a comprehensive understanding of the commercial activities driving economic growth and development in Nigeria and beyond.

Assessment Guide

In senior secondary school 1, students are assessed in Commerce based on the school’s prerogative. However, typically, they are evaluated through tests or quizzes (Continuous Assessment Tests) and end-of-term exams.

Grading follows a scale from A to F, with A representing excellent performance, typically scoring around 70% or 80%, and F indicating failure, usually below 50% or 45%.

SS1 First Term Scheme of Work for Commerce

 LAGOS STATE MINISTRY OF EDUCATION: UNIFIED SCHEMES OF WORK FOR SENIOR SECONDARY SCHOOLS
 Commerce Scheme of Work for Senior Secondary Schools 1(SSS1)
 ClassS.S.S 1
 SubjectCommerce
 TermFirst Term
WeekTopicBreakdown
SUB THEME: BASIC INFORMATION
1Introduction to commerce1. Meaning
2. Scope
3. Functions
2Introduction to commerce1. Characteristics
2. E-commerce.
-Measuring
-Functions
3History of Commerce1. Historical background
2. Factors affecting the growth of commerce
4History of Commerce1. The barter system
2. Problems of barter
3. Advantages and disadvantages
5Occupation1. Meaning
2. Classification
-Industrial occupation
-Commercial occupation
-Services occupation
6OccupationFactors that determine types of occupation and employment.
7Production1. Meaning of production.
2. Factors of production
3. Division of labour
4.Specialization
5. Exchange.
8Production1. classification of production
primary industry extractive manufacturing construction
secondary
-Trade
-Aide to Trade Tertiary
-Direct and
-Indirect
9Trade1. Types of trade
-Home trade
-foreign trade
-entreport trade
2. Relationship between/among the different types of trade
10Home Trade1. Meaning of Home traded
2. Characteristics and functions of retail trade.
3. Factors to be considered in settingup a retail trade.
11Revision 
12Examination 

 

SS1 Second Term Scheme of Work for Commerce

 TermSecond Term
WeekTopicBreakdown
SUB THEME: TRADE AND BUSINESS ORGANIZATION
1Home trade continues1. Discuss small scale retailer e.g. hawkers, mobile shops etc.
2. Large scale retailer e.g. super market, mail order etc.
2Home trade continues1. Modern trends in retailing
-Branding
-Self service
-After sales service
-Vending machine
-Pre-packing
-credit card
3Home trade continues1. main characteristicof large scale and small scale retailers.
2. Advantages of large scale and small scale retails.
4Home trade continuesReason why retail business may fail
5Home trade continuesWholesale trade
-Channel of distribution
-Survival process
-Functions of agent
-Types ofware houses
-Necessary document used in home trade
-Function of the wholesaler to the producer and retailers
6Foreign trade International1. Meaning of foreign trade.
2.Types of foreign trade
-Bi-lateral foreign trade.
-Multi-lateral trade
3. Advantages and disadvantages of foreign trade
4. Barriers to foreign trade
SUB THEME: TRADE AND ASSOCIATION
7Foreign trade1. Division of foreign trade.
2. Procedures for foreign trade.
3. Balance of trade and balance of payment.
8Foreign trade1.Tariffs and reasons for the imposition of tariff.
2. Tools for trade restriction and expert promotion.
3. Necessary document used for foreign trade.
9Foreign trade1. Functions of customs and exercise.
2. Nigerian export promotion
10Foreign trade1. Nigerian airport authority.
2. Nigerian ports authority.
3. Functions of each port
11Revision 
12Examination 

 

SS1 Third Term Scheme of Work for Commerce

 TermThird Term
WeekTopicBreakdown
SUB THEME: TRADE AND BUSINESS ORGANIZATION
1Commodity exchange1. Meaning
2. Types
-Agricultural produce
-Solid minerals
-Oil and Gas
2Commodity exchange (cont’d)Commodity exchange:
1. Meaning
2. Tradable
3. Requirement for trading
-Grading system
-Warehousing
-Clearing system-Standardizing
3Commodity exchange (cont’d)1. Types
-Spot-Forward futures
2. Method of trading:
-Open outcry-Electronic
4Commodity exchange (cont’d)Benefits of commodity exchange:
-increase in agricultural produce
.-stabilization in produce
-encourage exploration of solid minerals.
-foreign exchange earning.
5Commodity exchange (cont’d)Constraints commodity trading.
-In adequate supply
-Poor storage
-Bad weather
-Middle men
-Ethical issues
-Inadequate knowledge
6Commodity exchange (cont’d)1. Differentiate between commodities and stocks.
2. Items traded:
-Tangible-Intangible
Methods of pricing
3. Similarities between commodity and stocks
7Sole ProprietorshipSole proprietorship:
1.meaning
2. sources of capital
3. advantages and disadvantages.
4. features of sole proprietorship
8PartnershipPartnership
1. Meaning
2. Types
-Normal
-Dormant
-Limited etc.
3. Sources of capital
9PartnershipPartnership
1. Formation and agreement
2. Advantages and disadvantages.
3. Differences betweena partnership and a sole proprietorship
10MoneyMoney:
1.meaning
2. evolution
3. functions
4. qualities / characteristics
5. form/types
11Revision 
12Examination 

 

Recommended Commerce Textbooks for Senior Secondary School 1

The recommended Commerce textbooks for SSS1 include but are not limited to the following:

  • Faman Commerce for Senior Secondary Schools Book 1 – 3 by Bayo Fijabi Faman
  • Pub.  Series Past Questions on Commerce 
  • Thercee Millennium Commerce by Rose Chinwe Okafor Onwubiko 

        Printing & Packing SS 1-3

  • New Age Commerce by Olisa A.C, Ekong B.A et al 

        New Age Press SS 1-3 

  • Comprehensive Cert. Commerce by Daniel C. Azuh, Adedoyin Soyibo 

        University Press SS 1-3 

  • Current Commerce by Augustina Nzebunachi, Flourish Okereke 

        Mis-Fav Publisher Ltd SS 1-3 

  • Senior Secondary Commerce by M.O Odedokun, P.C Udokogu et al Learn Africa SS 1-3

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