Commerce SSS1 First Term

WEEK 4

Production

Performance Objectives

The student should be able to:

1. 1. Explain the meaning of Production and types of Industry (Primary & Secondary).
   2. Explain what Commerce entails
   3. Describe the involvement of the Service/Tertiary (Direct & Indirect) industry in the production process.

Content

There are several definitions of Production but the most comprehensive one will be discussed. Production can be defined as the transformation of raw materials into finished goods and their distributions to the consumers to satisfy their wants.

Diagram Representation of Production   

                                        Production

View More Subscribe now to gain full access to this lesson note Take Me There Click here to gain access to the full notes. Subject Scheme & Timeline: Commerce History of Commerce in Nigeria Occupation Production Production II TRADE Commerce SSS1 First Term Mid-Term Assessment - Test HOME TRADE - Retail Trade SMALL SCALE RETAILING – Market Traders LARGE SCALE RETAIL TRADE I LARGE SCALE RETAIL TRADE II Modern Trend in Retailing Modern Trend in Retailing Con’t Commerce SSS1 First Term Final Assessment - Test Chapters 14 Category SSS1 Author ClassNotes Edu Bulk Purchase For Schools & Teachers Discounted Price For Schools and Teacher who want to subscribe to all of the subjects, a class or term at a discounted price. Order Now Custom Bundle Create Your Bundle Discounted Price Need many subjects? Waste no time. Select many subjects together in one subscription at a discounted price. Create Bundle