JAMB Syllabus for Commerce 2024/2025 | PDF Download

The Joint Admission and Matriculation Board (JAMB) has recently released the syllabus for commerce for the academic year 2024/2025.

This strategic initiative aims to assist students in adequately preparing for their upcoming Unified Tertiary Matriculation Examination (UTME).

Objectives of JAMB Syllabus for Commerce

The JAMB syllabus Chemistry aims to prepare the candidates for the Board’s examination and to test candidates’ understanding, knowledge, and acquisition of the following areas of the subject:

• Help understand the basic principles and concepts of chemistry.
• Interpret scientific data relating to chemistry.
• Ascertain the relationships between chemistry and other sciences
• Practicalize chemistry knowledge to the industry and everyday life.

Topics Under JAMB Commerce Syllabus

The topics in the JAMB syllabus for Commerce are divided into 17 sections.

Commerce

• Meaning and scope
• Characteristics
• Functions

Objectives

Candidates should be able to:

• Differentiate between Commerce and other related subjects.
• Describe the characteristics of Commerce.
• Identify the functions of Commerce.

Occupation

• Meaning and importance
• Types (industrial, commercial, and services)
• Factors that determine the choice of occupation

Objectives

Candidates should be able to:

• State the importance of occupation.
• Compare the different types of occupation.
• Understand the factors determining the choice of occupation.

Production

• Factors, characteristics, and rewards (land, labor, capital, and entrepreneur)
• Division of Labour and specialization
• Types (primary, secondary, and tertiary)

Objectives

Candidates should be able to:

• Understand the Factors of Production and their rewards.
• Distinguish between Division of Labour and Specialization.
• Classify the types of production.

Trade

• Home Trade.
• Retail trade.
• Types of retailers.
• Functions of retailers.
• Discover Factors to be considered in setting up retail trade.
• Trends in retailing (branding, self-service, vending machines, luncheons, fuel vouchers, etc.)
• Advantages and disadvantages of retailers.
• Wholesale trade.
• Types of wholesalers (merchant, agent, general, etc.)
• Functions of wholesalers.
• Advantages and disadvantages of wholesalers
• Foreign trade.
• Understand Basic issues in foreign trade (balance of trade, balance of payments, and counter-trade).
• Know the Procedures and documents used in export, import, and entrepot trade.
• Barriers to international trade.
• Understand the Role of the Customs and Excise Authority, Ports Authority, etc., in foreign trade.

Objectives

Candidates should be able to:

• Compare the various types of retailers.
• Identify the functions of retailers.
• Understand the factors in setting up retail trade.
• Classify modern retailing practices.
• Identify the advantages and disadvantages of the retail business.
• Classify the types of wholesalers.
• Discuss the functions of wholesalers.
• List the merits and demerits of the middleman.
• Analyze the basic issues in foreign trade.
• Explain and understand the procedures and documents used in foreign trade.
• Identify the barriers to international trade.
• Evaluate the role of government agencies in foreign trade.

Purchase and Sale of Goods

• Procedure and documentation (inquiry, quotation, order, statement of accounts, proforma invoice, indent, consular invoice, bill of lading, certificate of origin, consignment note, etc.)
• Understand Terms of trade (trade discount, a quantity discount, cash discount, warranties, COD, CIF, FOB, EOE, etc.)
• Terms of payments: Cash – Legal tender or Credit
• Types and functions
• Merits and demerits

Objectives

Candidates should be able to:

• Evaluate the procedures and documents used in the purchase and sale of goods.
• Determine the terms of trade.
• Differentiate between cash and credit forms of payment.
• Identify the types of credit.
• Analyze the merits and demerits of credit transactions.

Aids-to-trade

• Advertising
• Types and media
• Advantages and Disadvantages

Banking

• Types of bank
• Services
• Challenges

Communication

• Process and procedure
• Types
• Trends
• Merits and demerits
• Barriers

Insurance

• Types
• Principles
• Terms
• Importance

Tourism

• Importance
• Agencies that promote tourism in Nigeria
• Challenges

Transportation

• Mode
• Importance
• Advantages and disadvantages

Warehousing

• Importance
• Types and functions
• understand Factors to be considered in siting a warehouse

Objectives

Candidates should be able to:

• List the different types of advertising and their media.
• Analyze the advantages and disadvantages of advertising.
• Categorize the different types of banks.
• Assess the services rendered by banks.
• Identify the challenges facing banks.
• Assess the other stages in the communication process.
• Analyze the types of communication.
• Evaluate the contributions of courier services, GSM, etc., to businesses.
• State the merits and demerits of communication.
• Outline the communication barriers.
• Describe the types of insurance.
• Understand the principles of insurance to life situations.
• Explain the terms in insurance.
• State the importance of insurance.
• Examine the importance of tourism.
• Understand the agencies that promote tourism in Nigeria.
• Analyze the challenges facing tourism in Nigeria.
• Access the relevance of the various modes of transportation.
• List the importance of transportation.
• Discuss the advantages and disadvantages of transportation.
• Highlight the importance of warehousing.
• Appraise the contributions of warehouses to businesses.
• Analyze the factors that determine the siting of warehouses.

Business Units

• Understand the Forms and features (Sole Proprietorship, Partnership, Cooperative Societies
• Limited Liability Companies, Public Corporations, etc.)
• Registration of businesses
• Business Mergers
• Determination of choice of business units
• Dissolution and liquidation
• Merits and demerits

Objectives

Candidates should be able to:

• Know the forms and features of business units.
• Analyze the procedures for registering businesses.
• Evaluate the different forms of business mergers and the reasons for merging.
• Explore the factors which determine the choice of business units.
• Differentiate between dissolution and liquidation of the business.
• List the merits and demerits of business units.

Finance industry

• Funding sources (personal savings, sales of stocks/bonds, loans, corporate bonds, housing loans, bank overdrafts, return of profits, credit purchases, leasing, etc.)
• Types of Capital (Share Capital, Equity Capital, Authorized Capital (Capital, Offered Capital, Callable Capital, Paid-in Capital, Current Capital, Working Capital, Equity)
• Calculation of Forms of Capital, Income (Gross and Net), Turnover
• Funds Procurement Issues
• The Role of Exchanges in the Economy

Objectives

Candidates should be able to know the following:

• Profit and turnover.
• Corporate Financing Issues
• Evaluate the role of exchanges in the economy.

Trade Associations

• Goals and Tasks of Trade and Producer Associations (Cocoa Farmers Association, Galicellers Association, Poultry Farmers Association, etc.)
• Goals and Tasks
• Chambers of Commerce

Objectives

Candidates must be able to:

• List the goals and duties of the Chamber of Commerce.

Money

• Evolution
• Form and Characteristics
• Function

Objectives

Candidates must be able to:

• Discuss the origin of money. Analyze the forms and properties of money.
• Estimate the functions of money.
• Elements Management of the business.
• Functions (planning, organization, staffing, coordination, motivation, communication, control, etc.)
• Principles (Scope of management, unified leadership, the delegation of authority, etc.)
• Organizational structure (Lines, lines, staff, functional areas, matrix, executives)
• Business resources (People, money, materials, machines, opportunities) /goodwill)
• Purpose:
• Candidates should be able to:
• Assess administrative functions.
• Analyze the principles of management.
• Identify the organizational structure.
• Evaluate functional business areas.
• Explore business resources.

Stock Markets

• Importance and Functions
• Types of securities (shares, stocks, bonds, bonds, etc.) and Market rules Market;
• Identification of the various securities traded on the stock exchanges. 
• Analyze trading flows and speculation on the
• stock exchange.
• Evaluate market interests and operating rules.
• Marketing Elements
• Meaning and Function
• Marketing Concepts (Consumer Orientation, Customer Satisfaction, Integrated Marketing, etc.)
• Marketing Mix (Products, Pricing, Placement, Advertising)
• Market Segmentation
• Public Relations and Customer Service

Objectives

Candidates must be able to:

• Emphasize the importance and function of marketing.
• Discuss marketing concepts.
• Evaluation of marketing mix elements.
• Describes market segmentation.
• Survey public relations and customer service.

Legal Aspects of Business

• Importance and Validity of Simple Contracts
• Commercial Brokerage, Purchase and Installment Purchase Act
• Employment Contracts
• Government Regulations Concerning Business (Business Registration, Patents, Trademarks, Copyrights, etc.)
• Consumer Protection (Government Legislation), Trade Accounting Act of Standards Bodies, Consumer Protection Council, NAFDAC, NDLEA, Customs, Excise, etc.)
• Regulatory Body.

Objectives

Candidates must be able to:

• Analyze the elements and validity of a simple contract.
• Research agents, goods purchase law, and installment purchase law.
• Assess the rights and obligations of employers and employees.
• Distinguish between patents, trademarks, and copyrights.
• Identify the functions of consumption.

Information and Communication Technology (ICT)

• Computers
• Appreciation and Application
• Types and Functions
• Advantages and Disadvantages
• Tasks
• Terms (Internet, Intranet, Browsing, Password, Email, Google, Yahoo, Search, Local Area Network, etc.).
• Activities:
• E-Commerce
• E-Banking
• E-Business

Objectives

Candidates must be able to:

• Discuss understanding and using computers.
• List types and computer capabilities.
• Analyze the strengths and weaknesses of ICT.
• Rate the difficulty of using a computer.
• Identify various terms used in ICT.
• Evaluate ICT trends.

Business Environment and Social Responsibility

• Legal, Political, Economic, Social, Cultural, Technical Environment, etc.
• Safe Products, Charitable, and Social Considerations
• Pollution Types and Effects (Water, Air, land, etc.)

Objectives

Candidates must be able to:

• Discuss the type of business environment.
• Evaluate the role of the social environment in providing safe products.
• Identify different types of pollution and their impact on your business.

PDF Download of JAMB Syllabus For Commerce 2024/2025

You can now download the JAMB commerce syllabus as you prepare for your exams.

Conclusion

The Joint Admission and Matriculation Board (JAMB) emphasizes the significance of the commerce syllabus as a valuable tool for focused exam preparation.

By aligning your study topics with the syllabus, you can confidently anticipate that a substantial portion of the examination questions—approximately 99%—will be drawn directly from it.

We recommend that you promptly download the syllabus PDF file from the post. Additionally, consider sharing this valuable resource with your peers to enhance their chances of exceptional exam performance.