Current JAMB Syllabus For Commerce [+Free PDF]

Would you like to get the current JAMB Commerce syllabus to know what to study for your JAMB COMMERCE EXAM?

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You will see the latest JAMB syllabus for Commerce this year and also download a Free PDF copy to know the topics where all your JAMB Commerce questions will be asked from.

• ALSO SEE: JAMB EXAM SYLLABUS FOR OTHER SUBJECTS

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The PDF version of this syllabus is included at the bottom of this post for your FREE and unlimited download.

See JAMB Commerce syllabus with all the topics

Expect (40) questions in your JAMB COMMERCE EXAM from these topics listed below.

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1. COMMERCE.

• (i) Meaning and scope.
• (ii) Characteristics.
• (iii) Functions.

2. OCCUPATION.

• (i) Meaning and importance.
• (ii) Types (industrial, commercial and services).
• (iii) Factors that determine choice of occupation.

3. PRODUCTION.

• (i) Factors, characteristics and rewards (land, labour, capital and entrepreneur).
• (ii) Division of Labour and specialization.
• (iii) Types (primary, secondary and tertiary).

4. TRADE.

• a. Home Trade
  • (i) Retail trade:
    • Types of retailers.
    • Functions of retailers.
    • Factors to be considered in setting up retail trade.
    • Trends in retailing (branding, self-service, vending machines, the use of luncheon, fuel vouchers, etc).
    • Advantages and disadvantages of retailers.
  • (ii) Wholesale trade:
    • Types of wholesalers (merchant, agent, general, etc.)
    • Functions of wholesalers.
    • Advantages and disadvantages of wholesalers.
• b. Foreign trade.
  • (i) Basic issues in foreign trade (balance of trade, balance of payments and counter trade).
  • (ii) Procedures and documents used in export, import and entrepôt trade.
  • (iii) Barriers to international trade.
  • (iv) Role of Customs and Excise Authority, Ports Authority, etc. in foreign trade.

5. Purchase and Sale of Goods.

• (i) Procedure and documentation (enquiry, quotation, order, invoice, proforma invoice, statement of accounts, indent, consular invoice, bill of lading, certificate of origin, consignment note, etc).
• (ii) Terms of trade (trade discount, quantity discount, cash discount, warranties, C.O.D., C.I.F., F.O.B., and E.O.E. etc)
• (iii) Terms of payments
  • a. Cash – Legal tender.
  • b. Credit.
    • Types and functions.
    • Merits and demerits.

6. Aids-to-trade.

• a. Advertising:
  • (i) Types and media.
  • (ii) Advantages and disadvantages.
• b. Banking:
  • (i) Types of bank.
  • (ii) Services.
  • (iii) Challenges.
• c. Communication:
  • (i) Process and procedure.
  • (ii) Types.
  • (iii) Trends.
  • (iv) Merits and demerits.
  • (v) Barriers.
• d. Insurance:
  • (i) Types.
  • (ii) Principles.
  • (iii) Terms.
  • (iv) Importance.
• e. Tourism:
  • (i) Importance.
  • (ii) Agencies that promote tourism in Nigeria.
  • (iii) Challenges.
• f. Transportation:
  • (i) Mode.
  • (ii) Importance.
  • (iii) Advantages and disadvantages.
• g. Warehousing:
  • (i) Importance.
  • (ii) Types and functions.
  • (iii) Factors to be considered in siting a warehouse.

7. Business Units.

• (i) Forms and features (Sole Proprietorship, Partnership, Limited Liability Companies, Public Corporations, Cooperative Societies, etc.)
• (ii) Registration of businesses.
• (iii) Business Mergers.
• (iv) Determination of choice of business units.
• (v) Dissolution and liquidation.
• (vi) Merits and demerits.

8. Financing Business.

• (i) Sources of finance (personal savings, sale of shares and bonds, loans, debentures, mortgage, bank overdraft, ploughing back of profit, credit purchase, leasing, etc.)
• (ii) Types of capital (share capital, capital owned, authorized capital, issued capital, called-up capital, paid-up capital, liquid capital, working capital and owners’ equity).
• (iii) Calculation of forms of capital, profits (gross and net) and turnover.
• (iv) Problems of sourcing finance.
• (v) The role of Bureau de change in an economy.

9. Trade Associations.

• (i) Objectives and functions of trade and manufacturer’s associations (Cocoa Farmers’ Association, Garri Sellers’ Association, Poultry Farmers’ Association, etc.)
• (ii) Objectives and functions of Chambers of Commerce.

10. Money.

• (i) Evolution.
• (ii) Forms and qualities.
• (iii) Functions.

11. Stock Exchange.

• (i) Importance and functions.
• (ii) Types of securities (stocks, shares, bonds, debentures, etc).
• (iii) Procedure of transactions and speculations.
• (iv) Second-Tier Securities Market, (listing requirements, types of companies for the market, advantages and operating regulations of the market).

12. Elements of Business Management.

• (i) Functions (planning, organizing, staffing, coordinating, motivating, communicating, controlling etc.)
• (ii) Principles (span of control, unity of command, delegation of authority, etc.)
• (iii) Organizational structure (line, line and staff, functional, matrix and committee).
• (iv) Functional areas of business (production, marketing, finance and personnel).
• (v) Business resources (man, money, materials, machines and opportunities / goodwill).

13. Elements of Marketing.

• (i) Importance and Functions.
• (ii) The marketing concept (consumer orientation, customer satisfaction, integrated marketing, etc).
• (iii) Marketing mix (product, price, place and promotion).
• (iv) Market Segmentation.
• (v) Public relations and Customer Service.

14. Legal Aspects of Business.

• (i) Meaning and validity of a simple contract.
• (ii) Agency, Sale of Goods Act and Hire Purchase Act.
• (iii) Contract of employment.
• (iv) Government regulations of business (registration of business, patents, trademarks, copyrights, etc).
• (v) Consumer protection (Government legislation, Standards Organization Trade Descriptions Act, Consumer Protection Council, NAFDAC, NDLEA, Customs and Excise, etc.)
• (vi) Regulatory agencies.

15. Information and Communication Technology (ICT).

• a. Computer:
  • (i) Appreciation and application.
  • (ii) Types and functions.
  • (iii) Merits and demerits.
  • (iv) Challenges.
• b. Terms (Internet, Intranet, browsing, password, e-mail, google, yahoo, search, Local Area Network, etc.)
• c. Activities:
  • (i) e-commerce.
  • (ii) e-banking.
  • (iii) e-business.

16. Business Environment and Social Responsibility.

• (i) Legal, political, economic, social, cultural, technological environments, etc.
• (ii) Safe products, philanthropic and societal consideration.
• (iii) Types and implication of pollution (water, air, land, etc.)
• (vi) assess the relevance of regulatory agencies and acts in the provision of safe goods and drugs.

Source: JAMB IBASS

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