New WAEC Commerce Syllabus (For GCE too)

Want to get the WAEC or GCE Commerce syllabus for topics to study in Commerce?

In this library,

You will see the latest WAEC Commerce syllabus this year with free PDF copy for the topics where your Commerce questions in WAEC or GCE will come from.

• ALSO SEE: CURRENT WAEC | GCE SYLLABUS FOR OTHER SUBJECTS.

How many questions are in the WAEC Commerce exam?

For WAEC Commerce, there will be two (2) papers, both of which will be on composite paper and will be taken in one sitting.

• PAPER 1: fifty minutes objective paper with (50) questions to answer all.

• PAPER 2: two hours theory paper with (8) questions to answer 5.

What are the topics in GCE and WAEC Commerce syllabus?

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

1. Introduction

• DEFINITION OF COMMERCE AND E-COMMERCE

• HISTORY/BACKGROUND OF COMMERCE

• SCOPE OF COMMERCE AND E-COMMERCE

• FUNCTIONS OF COMMERCE AND E-COMMERCE

2. Occupation

• MEANING OF OCCUPATION

• TYPES: INDUSTRIAL, COMMERCIAL, SERVICE OCCUPATION

• FACTORS THAT DETERMIINE TYPES OF OCCUPATION/EMPLOYMENT

• CAREER OPPORTUNITIES

3. Production

• MEANING

• FACTORS – LAND, LABOUR, CAPITAL, AND ENTREPRENEURSHIP

• TYPES: PRIMARY, SECONDARY, AND TERTIARY

• DIVISION OF LABOUR/SPECIALIZATION

• INTER-RELATIONSHIP BETWEEN PRODUCTION AND EXCHANGE

4. Business units

• MEANING AND OBJECTIVES OF BUSINESS

• FORMS OF BUSINESS UNITS

• TYPES, FORMATION, CHARACTERISTICS, COMPARISON, ADVANTAGES AND DISADVANTAGES

• SOURCES OF CAPITAL OF EACH FORMS OF BUSINESS

• MEANING AND PURPOSE OF AMALGAMATIONS, MERGERS AND ACQUISITIONS, TRUST, HOLDING COMPANIES AND SUBSIDIARIES, CONSORTIUM AND CARTEL

• DISSOLUTION/LIQUIDATION OF COMPANIES/PARTNERSHIP

5. Trade associations

• AIMS AND FUNCTIONS OF TRADE ASSOCIATION

• AIMS AND FUNCTIONS OF CHAMBER OF COMMERCE, EMPLOYERS ASSOCIATION

• AIMS AND FUNCTIONS OF CONSUMER ASSOCIATION/CONSUMERISM

6. Business capital and profits

• MEANING AND TYPES

• CREDIT – MEANING, SOURCES, INSTRUMENT AND FUNCTIONS

• CALCULATION OF WORKING CAPITAL, THE IMPORTANCE OF WORKING CAPITAL

• PROFITS: MEANING, TYPES AND CALCULATION OF PROFIT

• TURNOVER: MEANING, CALCULATIONS AND FACTORS AFFECTING TURNOVER

7. Trade

• HOME TRADE

• FOREIGN TRADE

8. Purchase and sale of goods in home and foreign trade

• PROCEDURE AND DOCUMENTS USED IN BUSINESS

• PRICE QUOTATION

• TERMS OF PAYMENT

• MEANS OF PAYMENT

9. Finance and financial institutions

• MONEY

• BANKS

• INSURANCE

• CAPITAL MARKET

• STOCK EXCHANGE (FIRST TIER)

• COMMODITY EXCHANGE

10. Transport, tourism, communication and warehousing

• TRANSPORT

• TOURISM

• COMMUNICATION

• WAREHOUSING

11. Advertising

• MEANING

• ROLES, ADVANTAGES, AND DISADVANTAGES

• TYPES OF ADVERTISING

• METHODS – DIRECT AND INDIRECT

• MEDIA – MEANING, CHOICE, AND TYPES

12. Introduction to marketing

• MARKETING

• MARKETING CONCEPT

• CUSTOMER SERVICES

• SALES PROMOTION

13. Legal aspect of business

• AREAS OF THE LAW THAT RELATE TO BUSINESS

• CONSUMER PROTECTION

14. Government policies relating to business

• COMMERCIALISATION

• PRIVATISATION

• DEREGULATION

15. Introduction to business management

• MEANING

• OBJECTIVES OF BUSINESS

• MEANING OF BUSINESS MANAGEMENT

• FUNCTIONS

• BUSINESS RESOURCES

• STRUCTURE OF BUSINESS ORGANIZATIONAL SETUP

• BUSINESS AND ITS ENVIRONMENT

• SOCIAL RESPONSIBILITY OF BUSINESS TO THE SOCIETY

• IMPORTANCE OF INTER AND INTRA DEPARTMENTAL COMMUNICATIONS

16. Economic groupings

• ECOWAS

• NIGER BASIN COMMISSION (NBC)

• LAKE CHAD BASIN COMMISSION (LCBC)

• MANO-RIVER UNION

• EUROPEAN UNION

• WEST AFRICAN CLEARING HOUSE

Source: WAEC website

Download WAEC Commerce syllabus PDF

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GOOD LUCK.

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