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SS1: COMMERCE - 1ST TERM

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  1. Introduction to Commerce | Week 1
    3 Topics
    |
    2 Quizzes
  2. E-Commerce | Week 2
    3 Topics
  3. The Barter System | Week 3
    1 Topic
    |
    1 Quiz
  4. Occupation | Week 4
    1 Topic
  5. Services | Week 5
    2 Topics
    |
    1 Quiz
  6. Production, Division of Labour, Specialization & Exchange I | Week 6
    3 Topics
  7. Production, Division of Labour, Specialization & Exchange II | Week 7
    2 Topics
    |
    1 Quiz
  8. Retail Trade / Home Trade | Week 8
    5 Topics
  9. Small Scale Retailing | Week 9
    6 Topics
  10. Large Scale Retailing | Week 10
    9 Topics
    |
    1 Quiz



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A discount house is a retailing business unit that features a large variety of products which they sell on a low price basis and operate on a low mark-up with minimum customer services. This system of retailing is very popular in America. They give discounts by reducing their overhead cost and by buying in bulk.

They are institutions that sell a wide variety of goods at less than traditional retail prices.

Features of Discount Houses 

Features of discount houses are;

  1. Offer low price
  2. Operate on a discount basis
  3. Purchase is on a cash basis
  4. Low mark-up
  5. Wide variety of goods are stocked

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