Are you writing Commerce in your NECO (SSCE or GCE) exam this year? The NECO Commerce syllabus helps you know where all your NECO Commerce questions will be asked from.
You will see the NECO Commerce exam structure, full list of syllabus topics, areas of concentration and study tips on Commerce in NECO exam this year.
ALSO SEE: HOW TO PASS NECO COMMERCE EXAM
Let’s begin…
NECO Commerce Exam Structure
The exam is divided into two papers:
Paper 1
- 50 multiple-choice questions
- 50 minutes
- Total of 50 marks
Paper 2
- You will face eight questions in total.
- You only need to answer any five of them.
- You will have two hours to complete the paper.
- Each question carries 20 marks.
- Study each topic thoroughly to give comprehensive answers.
- Marks are awarded based on clarity, depth of understanding, and relevance.
- Structure your answers well.
- Use examples to support your points.
See NECO Commerce Syllabus
Here are the Commerce topics and areas of concentration under each topic which you must study according to the official NECO syllabus.
NECO Commerce Syllabus
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, labour, capital and entrepreneurship
- Types:- Primary, Secondary and Tertiary production
- 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
- Dissolution/Liquidation of Companies/Partnership
5. TRADE ASSOCIATIONS
Aims and functions of:
- Trade Association
- Chamber of Commerce, Employers Association
- Consumer Association/Consumerism
6. BUSINESS CAPITAL AND PROFITS
- Meaning and types – Authorized/Registered/Normal capital, called-u, paid-up capital, capital owned, liquid/circulating capital
- 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: Cash/Spot Payment, Purchase and deferred payment
- Means of payment – Legal tender
9. FINANCE AND FINANCIAL INSTITUTIONS
- Money
- Banks
- Insurance
- Capital mmarket
- Stock exchange (first tier)
- Commodity eexchange
10. TRANSPORT, TOURISM, COMMUNICATION AND WAREHOUSING
- Transport
- Tourism
- Communication
- Warehousing
11. ADVERTISING
- Meaning
- Roles, advantages and disadvantages
- Types – informative, persuasive, Competitive, mass/specific
- Methods – direct and indirect
- Media- meaning, choice and types
12. INTRODUCTION TO MARKETING
- Marketing
- Marketing concepts
- Customer services
- Sales promotion
13. LEGAL ASPECT OF BUSINESS
- Contract
- Agency
- Sales of goods Act
- Hire Purchase Act
- Rights and Obligations of employer and Employee
- Government regulation of Business – patents, copyright
- Trade mark
- Registration of Business
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
Smart Study Tips for NECO Commerce
- Create a weekly study plan by topic
- Group similar topics for better understanding
- Time yourself when practicing past questions.
FAQs
Q: Is the NECO Commerce syllabus the same as WAEC?
A: They are similar but not the same. Always use the NECO version when preparing for NECO exams.
Q: Where can I download the syllabus PDF?
A: You can get it from syllabus.ng or ask your school to print a copy.
Summary on the NECO Commerce Syllabus
Commerce is a bonus subject if you follow the NECO Commerce syllabus and prepare smartly. Use this post as your study guide, cover every topic, and tackle past questions consistently.
Good luck with your preparation!
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