Commerce

Welcome to Commerce keypoint page. Revision notes for your Commerce O-Level exams like WAEC, JAMB, NECO, and NABTEB.

What is Commerce?

Scope of Commerce

Importance/Functions of Commerce

Factors That Militated Against the Development of Commerce in West Africa

Factors That Led to the Growth of Commerce

Definition of Occupation

Classification of Occupation

Factors That Determines People’s Choice of Occupation

Definition of Production

Types of Production in Commerce

Factors of Production in Commerce

Definition of Division of Labour and Specialization

Advantages of Division of Labour

Disadvantages of Division of labour

Limitations/Factors that encourage or discourage division of labour

Trade: Wholesale and Retail

Functions of the wholesalers

Reasons Why Manufacturers Sell Through the Wholesalers

Types of Wholesalers

Definition of Retailer

Functions of the retailers

Factors to Be Considered When Starting Retail Business

Factors That May Truncate Some Retail Shops

Types of Small Scale Retail Trade

Hawking

Street Retailing

Market Place Retailing

Small Stores

Mobile Shops

Reasons Why There Are Many Small Scale Retail Trade in West Africa

Reasons for the Continuous Existence of Small Scale Trade

Advantages of Small Scale Retail Trade

Disadvantages of Small Scale Retail Trade

Types of Large Scale Retail Trade

Supermarkets

Features of Supermarkets

Features of Departmental Stores

Features of Mail Order Business

Types of Mail Order Business

Advantages of Mail Order Business

Disadvantages of Mail Order Business

Arguments Against Middlemen in Commerce

Problems of Distribution in Nigeria

Roles of Government Agencies in Product Distribution in Nigeria

Channel of Distribution

Chain of Distribution

Factors to Consider When Choosing a Particular Channel of Distribution

Modern Trends in Retailing

Self Service in Commerce

Features of self-service