Commerce Topics - Form Two

 

TOPIC 1: Theory Of Demand

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Theory Of Demand

• Define demand

• Draw demand schedule and curves

• Point the factors which determine the strength of demand (causes for demand changes)

• Define elasticity of demand

• Identify the factors that determine degree of elasticity (changes) of demand

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TOPIC 2: Theory Of Supply

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Theory of Supply

• Explain the meaning of supply

• Draw supply schedule and curves

• Mention the causes of supply changes

• Calculate elasticity of supply

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TOPIC 3: Retail Trade

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Retail Trade

• Define Retail Trade

• Distinguish between retailing and the Retailer

• Point out the functions of retail Trade

• Identify the different types of retailers

• Explain the qualities of a retailer

• Discuss the modern development in retail trade

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TOPIC 4: Wholesale Trade

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Wholesale Trade

• Define wholesale trade

• Distinguish between wholesaler and retailer

• Mention the functions of wholesaler

• Point the services rendered by wholesaler to manufactures, retailers, and the public

• Identify the types of wholesalers (merchant, national, agents)

• Explain the channels of distribution

• Show when the necessity of eliminating the wholesaler will arise

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TOPIC 5: Ware-Housing Management

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Ware-housing Management

• Define the terms ware-housing and ware-house

• Show the need for warehousing

• Distinguish the various types of warehouses

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TOPIC 6: Stock Administration

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Stock Administration

• Define the term stock administration

• Explain what is meant by: Receiving; Issuing; Stocktaking; Care of stock; Placement of stock items

• Give the meaning and determination of Turnover; Stock level