Warehousing is the act of storing goods produced or bought in a place until they are needed. Warehousing ensures that there is a regular and
Category: SS 1 Commerce (1st, 2nd & 3rd Term)
Wholesale trade (wholesaling) involves the buying of goods in large quantities from the producers or manufacturing and re-selling in small quantities to retailer. A wholesaler
Self-service: This is a method that allows customers to do their shopping in a shop with little or no assistance from sales attendants. The goods
TYPES OF LARGE SCALE RETAILING A MULTIPLE SHOPS OR CHAIN STORES These are large scale retail businesses consisting of a number of similar shops or
There are several types of size of retail outlets which for easy analysis can be grouped into two, namely: Small scale and Large scale retailing
Trade (Trading) is the buying and selling of goods and services. It is divided into Home Trade and Foreign Trade. Home Trade involves the exchange
Division of Labour is the breaking down of production processes into different stages so that each stage is undertaken or handled by an individual. For
Production is the changing of raw materials into finished goods and the distribution and provision of goods and services in order to satisfy human wants.
Occupation can be defined as any job that is legal in which people are engaged in order to earn a living. CLASSIFICATION OF OCCUPATIONS Occupations
DEFINITION OF COMMERCE Commerce is the study of production, distribution and exchange of goods and services aimed at satisfying human wants and in order to