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JSS2: BUSINESS STUDIES – 1ST TERM

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  1. Reception Office | Week 1
    8 Topics
    |
    1 Quiz
  2. Office Correspondence | Week 2
    5 Topics
    |
    1 Quiz
  3. Office Documents | Week 3
    2 Topics
    |
    1 Quiz
  4. Trade | Week 4
    2 Topics
  5. Aids to Trade | Week 5
    2 Topics
    |
    1 Quiz
  6. Market | Week 6
    4 Topics
    |
    1 Quiz
  7. Buying and Selling | Week 7
    5 Topics
    |
    1 Quiz
  8. Distribution I | Week 8
    3 Topics
    |
    1 Quiz
  9. Distribution II | Week 9
    5 Topics
    |
    1 Quiz



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Topic Content:

  • Methods of Buying
    • Buying by Description or Grade
    • Buying by Sample
    • Buying by Auction
    • Buying by inspection

There are four methods of buying. These are;

1. Buying by Description or Grade:

Sometimes, goods are bought on the basis of the description of the product, given by the sellers or manufacturers. In this method, there is an unexpressed trust, that the product will meet the standard described by the seller.

A good description states what the goods are, what they’re made of, and what they’re used for.

buying and selling
Most drugs are sold by description.

On the other hand, some goods are sold according to grades. These grades range in order of size or quantity.

 

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