COMMERCE FORM 2 SYLLABUS

Define demand

Draw demand schedule and curves

Point the factors which determine the strength of demand (causes for demand changes)

Define elasticity of demand

Identify the factors that determine degree of elasticity (changes) of demand

Explain the meaning of supply

Draw supply schedule and curves

Mention the causes of supply changes

Calculate elasticity of supply

Define Retail Trade

Distinguish between retailing and the Retailer

Point out the functions of retail Trade

Identify the different types of retailers

Explain the qualities of a retailer

Discuss the modern development in retail trade

Define wholesale trade

Distinguish between wholesaler and retailer

Mention the functions of wholesaler

Point the services rendered by wholesaler to manufactures, retailers, and the public

Identify the types of wholesalers (merchant, national, agents)

Explain the channels of distribution

Show when the necessity of eliminating the wholesaler will arise

Define the terms ware-housing and ware-house

Show the need for warehousing

Distinguish the various types of warehouses

Define the term stock administration

Explain what is meant by: Receiving; Issuing; Stocktaking; Care of stock; Placement of stock items

Give the meaning and determination of Turnover; Stock level