JAMB Course Outline for Commerce

The Joint Admission Matriculation Body JAMB have prepared essential topics/syllabus to help students prepare for the JAMB Examination. This article shows the JAMB course outline for Commerce.

The main principle for Joint Admissions and Matriculation Board, JAMB  course outline for Commerce is to prepare candidates for the Examination.The topics listed below are the list of JAMB Outlines fot Commerce.

JAMB COURSE OUTLINE FOR COMMERCE

Aids-To-Trade

• Advertising
• Banking
• Communication
• Insurance
• Tourism
• Transportation
• Warehousing

Business Environment and Social Responsibility

Objectives

Candidates should be able to

i. discuss the types of the business environment.

ii. assess the role of the social environment in the provision of safe products.

iii. Identify the different types of pollution and their implications on businesses.

Content

• Legal, political, economic, social, cultural, technological environments, etc.
• Safe products, philanthropic and societal consideration.
• Types and implications of pollution (water, air, land, etc.).

Business Units

Objectives

Candidates should be able to:

i. identify the forms and features of business units.

ii. analyse the procedures for registering businesses.

iii. appraise the different forms of business mergers and the reasons for merging.

iv. examine the factors which determine the choice of business units.

v. differentiate between dissolution and liquidation of the business.

vi. state the merits and demerits of business units.

Content

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

Commerce

Objectives

Candidates should be able to:

i. differentiate between commerce and other related subjects.

ii. describe the characteristics of commerce.

iii. identify the functions of commerce.

Content

• Meaning and scope
• Characteristics.
• Functions.

Elements of Business Management

Objectives

Candidates should be able to:

i. appraise the functions of management.

ii. analyze the principles of management.

iii. identify organizational structures.

iv. assess the functional areas of business.

v. examine the business resources.

Content

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

Elements of Marketing

Objectives

Candidates should be able to:

i. highlight the importance and functions of marketing

ii. discuss the marketing concept.

iii. assess the elements of the marketing mix.

iv. explain market segmentation.

v. examine public relations and customer service.

Content

• Importance and functions
• The marketing concept (consumer orientation, customer satisfaction, integrated marketing, etc.).
• Marketing mix (product, price, place and promotion).
• Market segmentation.
• Public relations and customer service.

Financing Business

Objectives

Candidates should be able to:

i. identify the various ways of financing a business.

ii. discuss the different types of capital.

iii. compute the different forms of capital, profits and turnover.

iv. appraise the problems associated with sourcing finances for the business.

v. assess the role of bureaux de change in an economy.

Content

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

Information and Communication

Objectives

Candidates should be able to:

i. discuss computer appreciation and application.

ii. enumerate the types and functions of computers.

iii. analyze the merits and demerits of ICT.

iv. appraise the challenges of using the computer.

v. identify the different terms used in ICT.

vi. evaluate the trends in ICT.

Content

(a) Computer:

• appreciation and application.
• types and functions.
• merits and demerits.
• challenges.

(b) Terms (Internet, Intranet, browsing, password, e-mail, google, yahoo, search, Local Area Network, etc.).

(c) Activities:

• e-commerce
• e-banking.
• e-business.

Legal Aspects of Business

Objectives

Candidates should be able to:

i. analyze the elements and validity of a simple contract.

ii. examine Agency, Sale of Goods Act and Hire Purchase Act.

iii. assess the rights and obligations of employers and employees.

iv. distinguish between patents, trademarks and copyrights.

v. identify the functions of consumerism.

Content

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

Money

Objectives

Candidates should be able to:

i. discuss the origin of money.

ii. analyze the forms and qualities of money.

iii. appraise the functions of money.

Content

• Evolution.
• Forms and qualities.
• Functions.

Occupation

Objectives

Candidates should be able to:

i. state the importance of occupation.

ii. compare the different types of occupation.

iii. identify the factors determining the choice of occupation.

Content

(a) Meaning and importance.

(b) Types (industrial, commercial and services).

(c) Factors that determine the choice of occupation.

Production

Objectives

Candidates should be able to:

i. identify the factors of production and their rewards.

ii. distinguish between the division of labour and specialization.

iii. classify the types of production.

Content

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

Purchase and Sale of Goods

Objectives

Candidates should be able to:

i. examine the procedures and documents used in the purchase and sale of goods.

ii. determine the terms of trade.

iii. distinguish between cash and credit forms of payment.

iv. identify the types of credit.

v. analyse the merits and demerits of credit transactions.

Content

(a) Procedure and documentation (enquiry, quotation, order, invoice, proforma invoice, statement of accounts, indent, consular invoice, bill of lading, certificate of origin, consignment note, etc.).

(b) Terms of trade (trade discount, quantity discount, cash discount, warranties, C.O.D., C.I.F., F.O.B., and E.O.E. etc.).

(c) Terms of payments:

• i. cash-Legal tender
• ii. Credit:– types and functions/ merits and demerits.

Stock Exchange

Objectives

Candidates should be able to:

i. state the importance and functions of the stock exchange.

ii. identify the different securities traded on the stock exchange.

iii. analyse the procedure of transactions and speculations on the stock exchange.

iv. appraise the advantages and operating regulations of the market.

Content

(a) Importance and functions.

(b) Types of securities (stocks, shares, bonds, debentures, etc.).

(c) Procedure of transactions and speculations.

(d) Second-Tier Securities Market, (listing requirements, types of companies for the market, advantages and operating regulations of the market).

Trade

Foreign Trade

Objectives

Candidates should be able to:

i. analyse the basic issues in foreign trade.

ii. explain the procedures and documents used in foreign trade.

iii. identify the barriers to international trade.

iv. appraise the role of government agencies in foreign trade.

Content

(a) Basic issues in foreign trade (balance of trade, balance of payments and counter trade).

(b) Procedures and documents used in export, import and entrepôt trade.

(c) Barriers to international trade.

(d) Role of Customs and Excise Authority, Ports Authority, etc., in foreign trade.

Home Trade

Objectives

Candidates should be able to:

i. compare the various types of retailers.

ii. identify the functions of retailers.

iii. highlight the factors in setting up retail trade.

iv. classify modern retailing practices.

v. identify the advantages and disadvantages of retail business.

vi. classify the types of wholesalers.

vii. discuss the functions of wholesalers

viii. outline the merits and demerits of the middleman.

Content

(a) 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 voucher etc.).

Advantages and disadvantages of retailers.

(b) Wholesale trade:

Types of wholesalers (merchant, agent, general, etc.).

Functions of wholesalers.

Advantages and disadvantages of wholesalers.

Trade Associations

Objectives

Candidates should be able to:

i. discuss the objectives and functions of trade and manufacturer’s associations.

ii. list the objectives and functions of Chambers of Commerce.

Content

(a) Objectives and functions of trade and manufacturer’s associations (Cocoa Farmers’ Association, Garri Sellers Association, Poultry Farmers’ Association, etc.).

(b) Objectives and functions of Chambers of Commerce.

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