MARKET II

BUSINESS STUDIES FOR JSS2 FIRST TERM

SUB -THEME: COMMERCE-THE HEART OF BUSINESS

WEEK 9

MARKET II

Performance objectives:

The student should be able to:

1. 1. Explain buying and selling by cash and credit
   2. Methods of buying and selling
   3. Documents that pass through buyers and sellers during business transactions
   4. Calculate turnover and net profit

 

Contents:

Buying is the ability to obtain or purchase goods and services by paying cash or on credit. Selling is the offering of goods and services for sale in exchange for goods and services for cash or credit. Therefore, buying and selling can be defined as the transfer of ownership of goods in exchange for money.

Sellers carry their goods to the market for sale. Buyers also…