WAEC Commerce Syllabus
Every section, topic and candidate objective in the official WAEC Commerce outline — 1 sections, 4 topics and 4 objectives.
- Sections
- 1sections
- Topics
- 4topics
- Objectives
- 4objectives
- Category
- Commercialcategory
Syllabus sections
1 sectionTap a section to open it, then tap a topic to see its content and objectives.
1Detailed Syllabus
4 topics · 4 objectives
1Introduction, Occupation, Production and Business Units
1 content item · 1 objective
Content
Scope of Commerce/E-Commerce, occupations, factors of production, division of labour, business ownership structures, amalgamations
Objective
Define and trace the background and scope of Commerce and E-Commerce; classify industrial, commercial, and service occupations; analyze factors/types of production and division of labour; evaluate forms of business units (sole proprietorship, partnership, companies, public enterprises, co-operatives); examine mergers, amalgamations, cartels, trusts, and liquidation processes.
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2Trade Associations, Capital/Profits, Home and Foreign Trade
1 content item · 1 objective
Content
Trade associations, business capital/turnover calculation, retail/wholesale trade, channels of distribution, international trade concepts, tariffs
Objective
Understand roles of Trade Associations and Chambers of Commerce; calculate working capital, profits, and turnover; differentiate retail types, wholesale middleman functions, and channels of distribution; explain foreign trade (imports, exports, entrepôt), balance of trade/payments, tariffs, customs, and port authorities.
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3Purchase & Sale Documents, Finance, Banking, Insurance, Capital/Stock/Commodity Markets
1 content item · 1 objective
Content
Commercial documents, price quotations, payment instruments, money/banking, insurance principles, stock/commodity exchange
Objective
Understand trade documents (invoices, LPO, credit/debit notes, certificate of origin); interpret price terms (CIF, FOB, COD) and payment means (cheques, electronic transfers); trace evolution and functions of money and banking types (Central, Commercial, Microfinance, E-Banking); apply insurance principles (indemnity, insurable interest); analyze capital market fund-raising, stock exchange operations, and commodity trading.
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4Transport, Tourism, Communication, Warehousing, Advertising, Marketing, Legal Aspects, Government Policies, Business Management & Economic Groupings
1 content item · 1 objective
Content
Transport modes/documents, tourism, communication networks, warehousing, advertising, 4 Ps marketing mix, sales promotion, business law/regulations, commercialization/privatization, management functions, regional economic blocs
Objective
Compare transport forms and shipping documents; evaluate tourism and postal/courier/electronic communication services; classify warehousing types; evaluate advertising media and sales promotion techniques; apply 4 Ps of marketing mix and customer services; examine contract law, agency, sales of goods, consumer protection acts, and business registration; compare commercialization, privatization, and deregulation; understand business management functions, organizational charts, and corporate social responsibility; evaluate economic integration bodies (ECOWAS, EU, Niger/Lake Chad Basin Commissions).
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