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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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Retail co-operative society is a form of co-operative in which many small independent retailers pool their resources together to enable them make bulk purchases and they sell the goods at lower prices to their members.

The major purpose of co-operative society is to make profit. The profits made are shared in proportion to the amount of purchase made by each member.

Features of Retail Co-operative

The features of retail co-operative society are;

  1. Stock variety of goods
  2. Owned by members
  3. Patronage by members
  4. Managed by elected members
  5. Democratic control
  6. Lower prices

Evaluation Questions

  1. List three types of large scale retail shops
  2. Mention five characteristics of a department store
  3. Explain the following briefly

i. Department store
ii. Multiple shops
iii. Mail order business
iv. What is vending machine? State six reasons why supermarkets are popular with shoppers. (SSCE June, 2015)

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