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JSS1: BUSINESS STUDIES - 2ND TERM

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  1. Types of Occupation | Week 1
    7 Topics
    |
    1 Quiz
  2. Honesty in Business | Week 2
    6 Topics
    |
    1 Quiz
  3. Ethics in Sourcing Chemicals and the Need for the Monitoring and Control of Chemicals | Week 3
    7 Topics
    |
    1 Quiz
  4. Entrepreneurship | Weeks 4 & 5
    5 Topics
    |
    1 Quiz
  5. Forms of Business Organisation | Weeks 6 & 7
    6 Topics
    |
    1 Quiz
  6. Consumer, Market & Society | Weeks 8 & 9
    5 Topics
    |
    1 Quiz



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Meaning of Consumer:

A consumer is anyone who buys goods for direct consumption. A consumer is the end-user of a product. He uses goods and services for satisfaction.

Meaning of Market:

Market means any arrangement whereby buyers and sellers can communicate, in order to conduct a business transaction. It does not matter what the arrangement may be. All that is required is that buyers and sellers are in close enough contact with one another, to permit transactions to take place.

Meaning of Society:

A society is a group of individuals involved in persistent social interaction, or a large social group, sharing the same geographical, and social territory, typically the same political authority, and dominant cultural expectations.

In simple words, society is an organisation of people who share a common cultural and social background.

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