JAMB Syllabus For Commerce 2024/2025: Hey there, dear students and guardians! Preparing for JAMB can be a difficult task. With so many subjects to cover and topics to understand, it’s easy to get overwhelmed. But don’t be afraid! Here at TeezabUpdate.com.ng, we’re dedicated to making your JAMB preparation as smooth and efficient as possible.
Today, we’re diving into the Commerce syllabus for the 2024/2025 JAMB examinations. Whether Commerce is your strong suit or a subject you find a bit challenging, we’re here to guide you every step of the way.
The JAMB Commerce syllabus is structured to guide you on which topics to focus on, the depth of coverage required, and the objectives you should aim to achieve in each topic.
Remember, understanding the syllabus is key to efficient revision and, ultimately, success in the exam.
JAMB Commerce Syllabus for 2024/2025 UTME
This is to Inform the general public most especially those that are going to participate in the 2024 Unified Tertiary Matriculation Examination UTME that the Joint Admission and Matriculation Board JAMB has released the syllabus for Commerce for the 2024 UTME.
JAMB Commerce Syllabus 2024/2025 General Objective
The aim of the Unified Tertiary Matriculation Examination (UTME) syllabus in Commerce is to prepare the candidates for the Board’s examination. It is designed to test their achievement of the course objectives, which are to:
- Acquire the basic concepts of Commerce;
- Examine the relationship between Commerce and other related business subjects;
- Apply the principles of Commerce in Nigeria;
- Appreciate modern, dynamic, and positive changes in commercial activities.
JAMB Syllabus for Commerce 2024/2025
1. Commerce
(i) Meaning
(ii) Functions
2. Occupation
(i) Meaning
(ii) Types (industrial, commercial, and services)
3. Production
(i) Meaning
(ii) Factors, characteristics, and rewards (land, labour, capital, and entrepreneur)
(iii) Division of Labour
(iv) Specialization
(v) Types (primary, secondary and tertiary)
4. Trade
(a). Home Trade
(i) Retail trade
– types of retailers
– functions of retailers
– trends in retailing (branding, self-service, vending machines, the use of luncheon and fuel vouchers)
– advantages and disadvantages of retailers
(ii) Wholesale trade
– Types of wholesalers (merchant, agent, and general)
– Functions of wholesalers
– Advantages and disadvantages of wholesalers
(b). Foreign trade
(i) Basic issues in foreign trade (balance of trade visible and invisible, balance of payments and counter trade)
(ii) Procedures and documents used in export, import, and entrepot trade
(iii) Barriers to international trade.
5. Purchase and Sales of Goods
(i) Procedure and documentation (enquiry, quotation, order, invoice, proforma invoice, statement of accounts, indent, consular invoice, bill of lading, certificate of origin, consignment note, etc)
(ii) Terms of trade (trade discount, quantity discount, cash discount, warranties, C.O.D., C.I.F., F.O.B., and E.O.E.)
(iii) Terms of payments
a. Cash – Legal tender
b. Credit
– Meaning
– Types and functions
– Merits and demerits
6. Aids-to-trade
(a). Advertising
(i) Types and media
(ii) Advantages and disadvantages
(b). Banking
(i) Types of banks
(ii) Services
(iii) Challenges
(c). Communication
(i) Process
(ii) Types
(iii) Trends
(iv) Merits and demerits
(v) Barriers
(d). Insurance
(i) Types
(ii) Principles
(iii) Terms
(iv) Benefits
(e). Tourism
(i) Terms
(ii) Benefits
(iii) Challenges
(f). Transportation
(i) Importance
(ii) Forms/mode
(iii) Advantages and disadvantages
(iv) Regulatory agencies
(g). Warehousing
(i) Importance
(ii) Types
(iii) Functions
(iv) Location
7. Business Units
(i) Forms of ownership
(ii) Characteristics/features
(iii) Registration of businesses
(iv) Business Mergers
(v) Determination of choice of business units
(vi) Dissolution and liquidation of businesses
8. Financing Business
(i) Sources of finance (personal savings, sale of shares and bonds, loans, debentures, mortgage, bank overdraft, ploughing back of profit, credit purchase, leasing
(ii) Problems of sourcing finance
(iii) Types of capital (share capital, capital owned, authorized (registered or nominal) capital, issued capital, called-up capital, paid-up capital, liquid capital, working capital and owners’ equity)
(iv) Calculation of forms of capital, profits (gross and net) and turnover
(v) Bureaux de change
9. Trade Associations
(i) Objectives and functions of trade associations (e.g. Cocoa Farmers’ Association, Garri Sellers’ Association, Poultry Farmers’ Association)
(ii) Objectives and functions of consumer association (e.g. thrift, credit and loans)
(iii) Objectives and functions of Chambers of Commerce (e.g. NACCIMA)
10. Money
(i) Evolution
(ii) Forms
(iii) Qualities/characteristics
(iv) Functions
11. Stock Exchange
(i) Importance and functions
(ii) Procedure of transactions and speculations
(iii) Types of securities (stocks, shares, bonds, debentures, etc)
(iv) Second-Tier Securities Market (STSM), listing requirements, types of companies for the market, advantages and operating regulations of the market.
12. Elements of Business Management
(i) Functions (planning, organizing, staffing, coordinating, motivating, communicating and controlling)
(ii) Principles (span of control, unity of command, delegation of authority, etc)
(iii) Organizational structure (line, line and staff, functional, matrix and committee)
(iv) Functional areas of business (production, marketing, finance and personnel)
13. Elements of Marketing
(i) Functions and Importance
(ii) The marketing concept (consumer orientation, customer satisfaction and integrated marketing)
(iii) Marketing mix (product, price, place (distribution and promotion)
(iv) Market Segmentation
(v) Customer Service.
14. Legal Aspects of Business
(i) Meaning and validity of a simple contract
(ii) Contract Agency, Sale of Goods Acts and Hire Purchase Act
(iii) Rights and obligations of employer and employee
(iv) Government regulations of business – registration of business, patents, trade marks and copyrights
(v) Consumer protection – need for, and means of protection (Government legislation, Foods and Drugs Act, Standards Organization Act, Trade Descriptions Act, Consumer Association, Consumer Protection Council, NAFDAC, NDLEA, Customs and Excise, etc.)
15. Information and Communication Technology (ICT)
(a). Computer
(i) Appreciation/application
(ii) Types
(iii) Functions
(iv) Advantages and disadvantages
(v) Challenges
(b). Terms (Internet, Intranet, browsing, password, e-mail, google, yahoo, search, cyber café, Local Area Network, etc.)
(c). Activities
(i) e-commerce
(ii) e-banking
(iii) e-business
16. Business Environment and Social Responsibility
(i) Legal, political, economic, social, cultural, technological environment, etc
(ii) Safe products, philanthropic and social environment and societal consideration
(iii) Types of pollution (water, air and land) and their implications.
Conclusion on JAMB Syllabus For Commerce 2024/2025
As we wrap up this post, remember that Commerce, like any other subject, requires consistent practice and understanding.
The 2024/2025 JAMB Commerce syllabus is your roadmap to success, and here at TeezabUpdate.com.ng, we’re committed to supporting you on this journey.
Tackle each topic with determination, keep your study materials organized, and maintain a positive attitude.
With dedication and the right resources, you’re bound to excel. All the best in your preparations, and we hope to celebrate your success when the results are out!
If you have any questions regarding this post simply leave us a comment in the comment box below and we will get back to you as soon as possible!
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