JAMB Commerce Syllabus 2024/2025; Are you gearing up for the upcoming JAMB examination? Are you searching for the most up-to-date Commerce syllabus for the 2024/2025 academic year? You’ve landed in the right spot! We’ve assembled all the essential topics and recommended textbooks for Commerce in JAMB UTME.
If you’ve already enrolled or intend to do so for the 2024 Unified Tertiary Matriculation Examination (UTME), it’s critical to aim for a score of 300 or higher. Adequate preparation is the key to achieving success.
JAMB Commerce Syllabus 2024/2025
It is crucial to plan effectively for the JAMB examination, and one of the essential aspects of this process involves having the appropriate learning materials, including books. To assist students in their preparation, JAMB has provided the Commerce Syllabus, which serves as a guide outlining the subject areas covered in the exam and the corresponding textbooks that candidates should have. This syllabus is an excellent resource for students who want to succeed in their JAMB examination.
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The JAMB Commerce Syllabus contains a unique feature that specifies the expected abilities of candidates after studying each topic. This helps to ensure that candidates are well-prepared and not intimidated when answering questions. To prepare for success in the upcoming JAMB examination, it is recommended that you utilize the JAMB Commerce Syllabus and the suggested textbooks. Following this strategic approach will undoubtedly lead to excellent performance. Best of luck with your preparations!
Jamb Commerce Syllabus 2024/2025 General Objective
The syllabus for the Unified Tertiary Matriculation Examination (UTME) in Commerce is designed to prepare candidates for the examination by testing their understanding of the following course objectives:
– Understanding basic concepts of Commerce;
– Examining the relationship between Commerce and other related business subjects;
– Applying the principles of Commerce in Nigeria;
– Appreciating modern, dynamic, and positive changes in commercial activities.
JAMB Syllabus for Commerce 2024/2025
1. Commerce
(i) Definition or significance
(ii) Roles or purposes
2. Occupation
(i) Meaning
(ii) Types (industrial, commercial, and services)”
3. Production
(i) The meaning of factors of production and types of industries, (ii) Characteristics and rewards of land, labor, capital, and entrepreneur, (iii) Division of labor, and (iv) Specialization.
4. Trade
(a) Home Trade
(i) Retail Trade
– Types of retailers
– Functions of retailers
– Trends in retailing, such as branding, self-service, vending machines, and 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
Please find below a list of important information related to trade procedures, documentation, terms of trade, and terms of payments:
(i) Procedure and Documentation: This includes various documents such as inquiry, quotation, order, invoice, proforma invoice, statement of accounts, indent, consular invoice, bill of lading, certificate of origin, consignment note, etc.
(ii) Terms of Trade: This refers to various terms that are used in trading such as trade discount, quantity discount, cash discount, warranties, C.O.D., C.I.F., F.O.B., and E.O.E.
(iii) Terms of Payments: This is related to the payment methods and includes cash (legal tender) and credit. Credit has its types and functions, along with merits and demerits.
6. Aids-to-trade
Please keep in mind the following topics related to different industries:
(a) Advertising
– Types and media used for advertising
– Advantages and disadvantages of advertising
(b) Banking
– Different types of banks
– Services offered by banks
– Challenges faced by banks
(c) Communication
– The process of communication
– Different types of communication
– Trends in communication
– Pros and cons of communication
– Barriers to communication
(d) Insurance
– Different types of insurance
– Principles of insurance
– Terms used in insurance
– Benefits of Insurance
(e) Tourism
– Terms related to tourism
– Benefits of tourism
– Challenges faced by the tourism industry
(f) Transportation
– Importance of transportation
– Different forms/modes of transportation
– Advantages and disadvantages of transportation
– Regulatory agencies involved in transportation
(g) Warehousing
– Importance of warehousing
– Different types of warehousing
– Functions of warehousing
– Location of warehouses
7. Business Units
(i) Different Forms of Business Ownership
(ii) Key Features of a Business
(iii) Business Registration and Licensing
(iv) Mergers and Acquisitions
(v) Determining the Best Business Structure
(vi) Business Dissolution and Liquidation
8. Financing Business
Please keep in mind the following points:
(i) Various sources of finance include personal savings, sale of shares and bonds, loans, debentures, mortgages, bank overdrafts, plowing back of profit, credit purchase, and leasing.
(ii) Difficulties faced in obtaining finance.
(iii) Different forms of capital such as 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 various forms of capital, profits (gross and net), and turnover.
(v) Bureaux de change – places where foreign currency can be bought or sold.
9. Trade Associations
(i) This text discusses the objectives and functions of different trade associations, such as the Cocoa Farmers’ Association, Garri Sellers’ Association, and Poultry Farmers’ Association. (ii) It also examines the objectives and functions of consumer associations, such as thrift, credit, and loans. (iii) Lastly, it discusses the objectives and functions of Chambers of Commerce, such as NACCIMA.
10. Money
Please remember the following information:
(i) Evolution
(ii) Forms
(iii) Qualities/Characteristics
(iv) Functions
11. Stock Exchange
The importance and functions of securities, as well as the procedures for transactions and speculations, are discussed in this text. Different types of securities, such as stocks, shares, bonds, and debentures, are also covered. Additionally, the text explores the Second-Tier Securities Market (STSM), including its listing requirements, the types of companies that trade on the market, and the advantages and operating regulations of the market.
12. Elements of Business Management
The following are key concepts related to business management:
(i) Functions: Planning, organizing, staffing, coordinating, motivating, communicating, and controlling.
(ii) Principles: Span of control, unity of command, delegation of authority, and others.
(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
Functions and Importance
The marketing concept (consumer orientation, customer satisfaction, and integrated marketing)
Marketing mix (product, price, place (distribution and promotion)
Market Segmentation
Customer Service.
14. Legal Aspects of Business
Please find below a list of topics that need to be remembered:
(i) Understanding the meaning and validity of a simple contract.
(ii) Understanding the Contract Agency, Sale of Goods Acts, and Hire Purchase Act.
(iii) Knowing the rights and obligations of both employer and employee.
(iv) Understanding the government regulations that affect businesses such as registration of business, patents, trademarks, and copyrights.
(v) Understanding consumer protection, the need for it, and the different means of protection such as 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:
– Appreciation and application
– Types
– Functions
– Advantages and disadvantages
– Challenges
(b) Terms:
– Internet
– Intranet
– Browsing
– Password
– Yahoo
– Search
– Cyber cafe
– Local area network
(c) Activities:
– E-commerce
– E-banking
– E-business
16. Business Environment and Social Responsibility
(i) Consider legal, political, economic, social, cultural, and technological environments. (ii) Ensure safe products, social responsibility, and philanthropy. (iii) Address water, air, and land pollution and their implications.
JAMB Commerce Recommended Textbook
- Anderson, D. J. (1978). Commerce for West Africa, London: Macmillan.
- Ahukannah, L. I. names(s)? (1992). Commerce for Secondary Schools
Onitsha: Africana – First Publishers. - Asaolu, A. and Igwe, P. M. (2005). New Syllabus Commerce for Secondary Schools
Books 1 – 3 (Second Edition) Ibadan: Evans. - Babatunde, A. H. (1999). Handbook on Commerce for Schools and Colleges,
(First Edition), Global Publications. - Eriki, P. O. (1998). Working with Computer, Benin: Bofic Publishers.
- French, C. S. (2000). Computer Science, (Fifth Edition), Britain: Ashford.
- Ibru, G. M. (2004). Nigeria: The Promise of Tourism, Lagos: G.S.L. Publishing Limited.
- Igwe, P. M. names(s)? (2004). Countdown to WASSCE/SSCE/NECO/JME Commerce, Ibadan: Evans.
- James, A. F, names(s)? (1996). Management, (Sixth Edition), New Delhi: Prentice Hall).
- Nwachukwu, C. C. (1999). Management Theory and Practice, Onitsha: Africana – FIRST Publishers.
- Odedokun, M. Onames(s)? (1999). Commerce for Senior Secondary School, Books 1 – 3, Lagos:
Longman. - Odoom, F. F. (1998). Commerce for Senior Secondary School, Books 1 – 3, Ibadan: Onibonoje.
- Onifade, A. (2001). Management: Office Business Education, Abeokuta: KAPPCO.
- Onifade, A. (2002). The Computer for Word Processing and Internet, Abeokuta: KAPPCO.
- Onu, A. J. C. (2000). Marketing Today, Abuja: Precious Treasures Ltd.
- Pallister, J. and Isaacs, A. (eds) (2002). A Dictionary of Business (Third Edition), Oxford:
- Oxford University Press.
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It’s important to review the topics listed here as they can help you study more effectively for the JAMB Commerce exam. That’s all for now. If you have any questions, feel free to ask us in the comment section below as we understand you may have some doubts.
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