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JSS2: BUSINESS STUDIES – 1ST TERM

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

A market is any place or situation where buyers and sellers come in contact, to sell goods and services to the people.

Features of Market:

1. Existence of a commodity which is bought and sold.

2. Existence of buyers and sellers.

3. Existence of a place where transactions are carried out.

4. There is a medium of contact between buyers and sellers, for the exchange of goods and services.

5. Existence of middlemen such as wholesalers and retailers.

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