JAMB UTME Commerce syllabus

Candidates should be able to:

(i) Identify the functions of e-commerce/ e- business

(ii) differentiate between Commerce and other related subjects;

(iii) describe the characteristics of Commerce;

(iv) Identify the functions of Commerce.

Candidates should be able to:

(i) State the importance of occupation;

(ii) Compare the different types of occupation;

(iii) Identify the factors determining the choice of occupation.

Candidates should be able to:

(i) identify the Factors of Production and their rewards;

(ii) distinguish between Division of Labour and Specialization;

(iii) classify the types of production.

(iv) State the relationship between production, specialization and exchange.

Candidates should be able to:

(i) compare the various types of retail trade

(ii) identify the functions of retailers;

(iii) highlight the factors in setting up retail trade;

(iv) classify modern retailing practices;

(v) identify the advantages and disadvantages of retail business;

(vi) explain the success/failure of retail trade

(vii) classify the types of wholesalers;

(viii) identify the channels of distribution

(ix) discuss the functions of wholesalers;

(x) outline the merits and demerits of the middleman;

(xi) compare the various types of foreign trade

(xii) analyse the basic issues in foreign trade;

(xiii) explain the procedures and documents used in foreign trade;

(xiv) identify the barriers to international trade;

(xv) state the various tariffs and reasons for their imposition

(xvi) identify the tools for trade restriction and export promotion

(xvii) appraise the role of government agencies in foreign trade.

Candidates should be able to:

(i) examine the procedures and documents used in the purchase and sale of goods;

(ii) determine the terms of trade;

(iii) distinguish between cash and credit forms of payment;

(iv) explain the meaning and types of credit;

(v) analyse the merits and demerits of credit transactions.

(vi) Identify the means of payment

Candidates should be able to:

(i) Explain the meaning and role of advertising

(ii) identify the different types of advertising, its media and methods

(iii) analyse the advantages and disadvantages of advertising;

(iv) categorize the different types of bank;

(v) assess the services rendered by banks;

(vi) identify the challenges facing banks;

(vii) explain e-banking

(viii) assess the different stages in the communication process;

(ix) analyse the types of communication;

(x) appraise the contributions of courier services, GSM, etc., to businesses;

(xi) state the merits and demerits of communication;

(xii) outline the barriers to communication

(xiii) describe the types of insurance;

(xiv) apply the principles of insurance to life situations;

(xv) explain the terms in insurance;

(xvi) state the importance of insurance;

(xvii) identify the different types of risk in insurance

(xviii) explain the meaning and forms of tourism

(xix) examine the importance of tourism;

(xx) identify the agencies that promote tourism in Nigeria;

(xxi) analyse the challenges facing tourism in Nigeria;

(xxii) identify the various tourist centres in Nigeria

(xxiii) appraise the relevance of the various modes of transportation;

(xxiv) list the importance of transportation;

(xxv) discuss the advantages and disadvantages of transportation;

(xxvi) highlight the importance of warehousing;

(xxvii) appraise the contributions of warehouses to businesses.

(xxviii) evaluate the factors that determine the siting of warehouses.

Candidates should be able to:

(i) identify the forms and features of business units;

(ii) analyse the procedures for registering businesses;

(iii) examine the factors which determine the choice of business units;

(iv) differentiate between dissolution and liquidation of business;

(v) state the merits and demerits of business units.

(vi) State the reasons for government ownership of public enterprises

Candidates should be able to:

(i) identify the various ways of financing a business;

(ii) discuss the different types of capital

(iii) compute the different forms of capital, profits and turnover;

(iv) appraise the problems associated with sourcing finances for business;

(v) assess the role of Bureau de change in an economy.

Candidates should be able to:

(i) discuss the objectives and functions of trade and manufacturer’s associations;

(ii) list the objectives and functions of Chambers of Commerce.

(iii) Explain the different forms of business combination/merger

Candidates should be able to:

(i) discuss the origin of money;

(ii) analyse the forms and qualities of money;

(iii) appraise the functions of money.

Candidates should be able to:

(i) state the importance and functions of the Stock Exchange;

(ii) identify the different securities traded on the Stock Exchange;

(iii) analyse the procedure of transactions and speculations on the Stock Exchange;

(iv) appraise the advantages and operating regulations of the market.

Candidates should be able to:

(i) appraise the functions of management;

(ii) analyse the principles of management;

(iii) identify organizational structures;

(iv) assess the functional areas of business;

(v) examine the business resources.

Candidates should be able to:

(i) highlight the importance and functions of marketing;

(ii) discuss the marketing concept;

(iii) assess the elements of marketing mix;

(iv) explain market segmentation;

(v) examine public relations and customer service.

(vi) explain e-marketing

Candidates should be able to:

(i) analyse the elements and validity of a simple contract;

(ii) examine Agency, Sale of Goods Act and Hire Purchase Act;

(iii) assess the rights and obligations of employers and employees;

(iv) distinguish between patents, trademarks and copyrights;

(v) identify the functions of consumerism;

(vi) assess the relevance of regulatory agencies and acts in the provision of safe goods and drugs.

Candidates should be able to:

(i) explain the meaning of commodity exchange

(ii) highlight types of tradable commodity

(iii) list the requirements for trading

(iv) discuss methods of trading

(v) enumerate the benefits of commodity exchange

(vi) analyse the constraints to commodity trading.

Candidates should be able to:

(i) discuss the types of business environment;

(ii) assess the role of social environment in the provision of safe products;

(iii) identify the different types of pollution and their implications on businesses.