GCE Commerce – QEFAS

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Lesson 1: Introduction to Commerce 4 Topics | 1 Quiz

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1. Definition of Commerce and E – Commerce

L1TI QUIZES ON INTRODUCTION TO COMMERCE

2. History/Background of Commerce iii

. 3. Scope of Commerce and E Commerce

4. Functions of Commerce and E Commerce

Lesson 2: Occupation 4 Topics

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1. Meaning of Occupation

2. Types;- Industrial, Commercial, Service/Occupation

3. Factors that determine types of occupation /Employment

4. Career Opportunities

Lesson 3: Production 5 Topics

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2. Factors – land, labour, capital and entrepreneurship

3. Types:- Primary, Secondary and Tertiary production

4. Division of labour/specialization

5. Inter-relationship between production and exchange

Lesson 4: Business Units 6 Topics

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1. Meaning and objectives of business

2. Forms of business units

3. Types, Formation, characteristics, comparison, advantages and disadvantages

4. Sources of capital of each forms of business

5. Meaning and purpose of Amalgamations, – Mergers and acquisitions – Trust, – Holding companies and Subsidiaries – Consortium and Cartel

6. Dissolution/Liquidation of Companies/Partnership. Aims and functions of i. Trade Association ii. Chamber of Commerce, Employers Association iii. Consumer Association/Consumerism

Lesson 6: Business Capital & Profit 5 Topics

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1. Meaning and types – Authorized/Registered/Normal capital, called-up, paid-up capital, capital owned, liquid/circulating capital

2. Credit – Meaning, Sources, Instrument and Functions

3. Calculation of working capital, the Importance of working capital

4. Profits – Meaning, types and calculation of profit

5. Turnover – Meaning, calculations and factors affecting turnover.

Lesson 5: Trade Associations 3 Topics

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1. Aims and functions of Trade Association

2. Chamber of Commerce, Employers Association

3. Consumer Association/Consumerism

Lesson 7: Trade 2 Topics

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1. Purpose and branches of trade –

(a) HOME TRADE- Home Trade and Foreign Trade – Meaning and differences Retail trade: Functions of retailer – Factors to consider in starting a retail business – Reasons for success/failure of retail business.

Lesson 8: Consumer Protection and Rights

Lesson 9: International Trade

Lesson 10: Business Law and Ethics

Lesson 11: Entrepreneurship

Lesson 12: Economic and Social Development

The main advantage of road transport is that it is A. convenient and flexible B. cheap and direct C. common and fast D. safe and available

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