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JSS1: BUSINESS STUDIES - 1ST TERM

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  1. Introduction to Business Studies | Week 1
    4Topics
    |
    1 Quiz
  2. The Office | Week 2
    4Topics
    |
    1 Quiz
  3. The Clerical Staff | Week 3
    4Topics
    |
    1 Quiz
  4. Right Attitude to Work | Week 4
    5Topics
    |
    1 Quiz
  5. The Departments in an Office or Organisation | Week 5
    3Topics
    |
    1 Quiz
  6. Introduction to Commerce | Week 6
    3Topics
    |
    1 Quiz
  7. Division of Commerce | Week 7
    5Topics
    |
    1 Quiz
  8. Production | Week 8
    5Topics
    |
    1 Quiz
  9. Factors of Production | Week 9
    2Topics
    |
    1 Quiz
Lesson 7, Topic 5
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Differences between Home and Foreign Trade

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Home Trade.Foreign Trade.
Home trade is concerned with buying and selling goods and services, produced within the borders of a country.Foreign trade is the type of trade that involves two or more countries, trading together. 
Home trade is sub-divided into two, wholesale and retail trade.Foreign trade can be further divided into three, import, export, and entrepot.
There is no exchange of currency because
people in a certain country use the same currency.
Foreign Trade involves the exchange of currencies
between the nations which are involved in the trade.

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