WAEC Areas of Concentration for Commerce 2024/2025

WAEC Areas of Concentration for Commerce 2024/2025

WAEC Areas of Concentration for Commerce 2024/2025: Commerce is one of the subjects that students can choose to study in the West African Examination Council (WAEC) Senior School Certificate Examination (SSCE). It covers various aspects of trade, business, and marketing in the modern world. In this article, we will provide you with the WAEC syllabus for Commerce, which contains the topics and subtopics that you need to focus on for the exam. We will also give you some tips on how to prepare effectively and answer the questions correctly.

READ ALSO: WAEC Syllabus for Commerce 2024/2025 PDF Download

What is the WAEC Syllabus for Commerce?

The WAEC syllabus for Commerce is a document that outlines the scope and objectives of the subject, as well as the examination structure and format. It also lists the recommended textbooks and references that you can use to study the subject. The syllabus is designed to test your knowledge, understanding, and application of the basic concepts and principles of Commerce, as well as your ability to relate them to practical situations.

The syllabus is divided into 15 main topics, each with several subtopics. The topics are:

  1. Introduction
  2. Occupation
  3. Production
  4. Business Units
  5. Business Capital and Profits
  6. Trade Associations
  7. Trade
  8. Purchase and Sale of Goods
  9. Stock Exchange
  10. Advertising
  11. Transportation
  12. Warehousing
  13. Insurance
  14. Banking
  15. Communication

You can download the full syllabus from here.

WAEC Areas of Concentration for Commerce 2024/2025

  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 determine types of occupation/employment
    • Career Opportunities
  3. Production
    • Meaning
    • Factors: land, labor, capital, and entrepreneurship
    • Types: Primary, Secondary, and Tertiary production
    • Division of labor/specialization
    • Inter-relationship between production and exchange
  4. Business Units
    • Meaning and objectives of business
    • Forms of business units
    • Sources of capital for each form of business
    • Amalgamations, Mergers and Acquisitions, Trust, Holding companies, Subsidiaries, Consortium, and Cartel
    • Dissolution/Liquidation of Companies/Partnership
  5. Trade Associations
    • Aims and functions of Trade Associations
    • Chamber of Commerce, Employers Association
    • Consumer Association/Consumerism
  6. Business Capital and Profits
    • Meaning and types of capital
    • Credit
    • Calculation of working capital
    • Profits, turnover, and factors affecting turnover
  7. Trade
    • Home Trade and Foreign Trade
    • Retail trade and small scale and large scale retailing
    • Wholesale trade
    • Factor making for elimination and survival of middlemen
    • Channel of Distribution
  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
    • Commodity Exchange
  10. Transport, Tourism, Communication, and Warehousing
    • Transport
    • Tourism
    • Communication
    • Warehousing
  11. Advertising
    • Meaning
    • Roles, advantages, and disadvantages
    • Types
    • Methods
    • Media
  12. Introduction to Marketing
    • Marketing
    • Marketing Concept
    • Customer Services
    • Sales Promotion
    • Differences between market and marketing
  13. Legal Aspects of Business
    • Areas of law that relate to Business
    • Consumer Protection
  14. Government Policies Relating to Business
    • Commercialization
    • Privatization
    • Deregulation
  15. Introduction to Business Management
    • Objectives of business
    • Business Management
    • Business Resources
    • Structure of Business organizational setup
    • Business and its environment
    • Social responsibility of Business
  16. Economic Groupings
    • ECOWAS
    • NIGERBASIN COMMISSION (NBC)
    • LAKECHADBASIN COMMISSION (LCBC)
    • MANO-RIVER UNION
    • EUROPEAN UNION
    • WEST AFRICAN CLEARING HOUSE

How is the WAEC Examination for Commerce Structured?

The WAEC examination for Commerce consists of two papers: Paper 1 and Paper 2, both of which must be taken.

  • Paper 1: This paper contains 50 compulsory multiple-choice questions that cover the entire syllabus. You have one hour to answer them, and the paper carries 25% of the total marks for the subject.
  • Paper 2: This paper contains 10 essay-type questions, out of which you have to answer any five. Each question carries equal marks, and you have two and a half hours to complete them. The paper carries 75% of the total marks for the subject.

How to Prepare for the WAEC Examination for Commerce 2024/2025?

To prepare well for the WAEC examination for Commerce, you need to do the following:

  • Study the syllabus carefully and understand the objectives and scope of each topic.
  • Read the recommended textbooks and references that cover the topics in detail and provide examples and illustrations.
  • Practice answering past questions and mock tests that follow the same format and difficulty level as the actual exam.
  • Revise your notes and summaries regularly and highlight the key points and formulas.
  • Join a study group or online forum where you can discuss and clarify your doubts with other students and teachers.
  • Manage your time wisely and allocate enough time for each topic and question.
  • Avoid cramming and rote learning, as they will not help you in understanding and applying the concepts.
  • Stay calm and confident during the exam and read the questions carefully before answering them.

Conclusion

We hope that this article has given you some useful information about WAEC areas of concentration for Commerce 2024/2025. Remember to study hard, practice well, and stay positive. We wish you all the best in your exam!

FAQs

What is Commerce?

Commerce is the exchange of goods and services between people or organizations, either directly or through intermediaries.

What are the benefits of studying Commerce?

Studying Commerce can help you develop skills such as critical thinking, problem-solving, communication, numeracy, and entrepreneurship. It can also expose you to various aspects of trade, business, and marketing in different sectors and industries.

What are some career opportunities for Commerce students?

Some career opportunities for Commerce students include accounting, banking, finance, management, marketing, sales, insurance, stockbroking, logistics, e-commerce, etc.

How can I check my WAEC result for Commerce?

You can check your WAEC result for Commerce online by visiting the WAEC website and entering your examination number and PIN.

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