Division of commerce

Business Studies J.S.S 1 First Term

WEEK 8

Division of commerce

Performance Objectives

The student should be able to:

     1. Classify commerce.

    2. Differentiate between home and foreign trade.

    3. Explain the import and export trade.

    4. List products involved in the home trade.

    5. List of products involved in foreign trade.

Content

Trade

Trade could be defined as the exchange or buying and selling of goods and services.

Divisions of Trade

Trade is basically divided into two, namely; Home Trade and Foreign Trade.

1. Home Trade: This is the buying and selling of goods and services within the country.  Examples are traded between Calabar and Uyo, Lagos and Enugu.  One of the features of…