Business Studies JSS 1 Curriculum Guides – Entrepreneurship, Forms of Business Organization, Consumer, Market, Society and Need for Monitoring and Controlling of Chemicals

 

THEME – COMMERCE – THE HEART OF BUSINESS (CONSUMER AND SOCIETY) 

TOPIC 1 – ENTREPRENEURSHIP

 

INSTRUCTIONAL MATERIALS

1. Charts

2. Video clips

3. DVD

4. CD

5. Guest speaker

6. Textbook

7. Internet

 

 

LEARNING OBJECTIVES

By the end of the lesson, students should be able to:

1. state the meaning of entrepreneurship.

2. state the meaning of enterprise.

3. define self empployment.

4. mention facilities available for self employment.

5. list successful entrepreneurs in your locality and Nigeria.

 

 

CONTENTS OF THE LESSON

FOCUS LESSONS 

1. Meaning of Entrepreneurship, Enterprise and Self employment

  • Entrepreneurship is the process of setting up a business or businesses, taking on financial risks for the purpose of making profits.
  • Enterprise is a business organisation setup for either for economic or non economic reasons such individual businesses (profit oriented), government (for the social welfare) and non government organisations (non profit oriented).
  • Self employment is the person that worked for him/herself rather than an employer.

 

2. Facilities Available for Self employment

  • SME loan facilities
  • Support from family and friends
  • Small capital
  • Education, training and seminar
  • Social network
  • Infrastructures
  • Empowerment, etc.

 

3. Successful Entrepreneurs in:

A. Your locality

B. Nigeria

  • Aliko Dangote
  • Mike Adenuga Jr.
  • Femi Otedola
  • Folorunso Alakija
  • Abdul Samad Rabiu
  • Theophilus Danjuma
  • Tony Elumelu
  • Orji Uzor Kalu

 

C. International

  • Jeff Bezos
  • Bill Gates
  • Mark Zuckerberg
  • Larry Page And Sergey Brin
  • Richard Branson
  • Steve Jobs
  • Larry Ellison
  • Ritesh Agarwal
  • Vijay Shekhar Sharma
  • Elon Musk
  • Steve Ballmer
  • Mukesh Ambani, etc.

 

 

LESSON PRESENTATION

TEACHER’S ACTIVITIES

The teacher,

1. explains the meaning of Entrepreneurship and Enterprise.

2. leads discussion on self employment.

3. guides student to identify facilitates for self employment.

4. guides discussion on identifying successful entrepreneurs in the locality, Nigeria and internationally.

5. invites a locally based successful entrepreneur to speak to the students.

 

 

STUDENT’S ACTIVITIES

The students,

1. listen and participate in class discussion.

2. ask and answer teacher’s questions.

3. listen to the guest speaker and take notes.

4. write a short note on the guest topic.

 

 

LESSON EVALUATION

Teacher asks students to,

1. explain the meaning of entrepreneurship.

2. give an example of an enterprise.

3. define self employment.

4. state three facilities needed for self employment.

5. give two examples each of successful entrepreneurs within their locality, Nigeria and internationally.

 

 

THEME – COMMERCE – THE HEART OF BUSINESS (CONSUMER AND SOCIETY) 

TOPIC 2 – IMPORTANCE OF ENTREPRENEURSHIP

 

INSTRUCTIONAL MATERIALS

1. Charts

2. Video clips

3. DVDs

4. CDs

5. Internet

 

 

LEARNING OBJECTIVES

By the end of the lesson, students should be able to list the importance of entrepreneurship.

 

 

CONTENTS OF THE LESSON

FOCUS LESSONS 

Importance of Entrepreneurship

1. It creates job opportunities.

2. It increases competition, improve and boost productivity.

3. It creates new business and markets.

4. It increases national income.

5. It leads growth and development.

6. It improves standard of living.

7. It brings about new innovation.

8. It attracts foreign investors.

 

 

LESSON PRESENTATION

TEACHER’S ACTIVITIES

The teacher,

1. guides discussions on the importance of entrepreneurship.

2. writes short notes on the board.

 

 

STUDENT’S ACTIVITIES

The students,

1. listen attentively and participate in class.

2. copy board summary.

 

 

LESSON EVALUATION

Teacher asks students to mention five importance of entrepreneurship.

 

 

THEME – COMMERCE – THE HEART OF BUSINESS (CONSUMER AND SOCIETY) 

TOPIC 3 – FORMS OF BUSINESS ORGANIZATION

 

INSTRUCTIONAL MATERIALS

1. Business organizational charts showing the ownership/management of the various forms of business.

2. Pictures

3. Photographs

4. Magazines

5. Internet

 

 

LEARNING OBJECTIVES

By the end of the lesson, students should be able to:

1. explain the features of each type of business organization.

2. enumerate the advantages and disadvantages of each form of business.

 

 

CONTENTS OF THE LESSON

FOCUS LESSONS 

Meaning of Business Organization 

Business organization is an entity formed or structured for economic activities.

 

Types Business Organizations 

1. Sole Proprietorship 

Sole proprietorship is also known as man.

It is a business organization established and managed by one person for the purpose of making profit.

Example of sole proprietorship are shoe copper, supermarket, farmer, etc.

 

Advantages of Sole Proprietorship 

  • It requires small capital to start.
  • It is easy to establish and manage.
  • It can fit into any environment.
  • It attracts little tax.
  • It can be managed with other occupations.

 

Disadvantages of Sole Proprietorship 

  • It bears all the risk alone.
  • It is not a legal entity.
  • It is limited by capital.
  • It is not easy to expand.
  • Continuity is not guaranteed.

 

2. Partnership

Partnership is a business organization established and managed by two to ten people for the purpose of making profit.

Examples of partnership are manufacturer, farmers, estate management, consultancy, etc.

 

Advantages of Partnership

  • It has sufficient capital.
  • It increases, improves and boosts productivity.
  • It can withstand competition.
  • It is owned and managed by many specialists.
  • It creates employment opportunities.

 

Disadvantages of Partnership

  • It is not a legal entity.
  • It has unlimited laibilties.
  • Agreement between partners may end the business.
  • Decision and policy are slower than sole proprietorship.
  • Continuity is not guaranteed.

 

3. Limited Liability Companies 

Limited liability company is a legal entity established by law.

The business is established by group of people and it can sue and be sued.

Examples of limited liability companies are Unilever, Cadbury, Ekobank, Zenith bank, Academy press, etc.

 

Advantages of Limited Liability Company 

  • It has limited liability.
  • It enjoys tax advantage.
  • It has flexible income distribution.
  • It is easy to setup and run than cooperative.
  • It is controlled and managed by members.

 

Disadvantages of Limited Liability Companies 

  • It is difficult to raise capital.
  • It is hard to establish.
  • It requires huge capital.
  • It is difficult to adopt new conditions.

 

4. Cooperatives Societies 

Cooperative society is a business organisation established and managed by group of people with common interest to support individual economic activities.

Examples of cooperative societies are farmers, thrift societies coop, etc.

 

Advantages of Cooperatives Society 

  • It encourages personal savings.
  • It is democratic in nature.
  • It encourages bulk purchases.
  • It increases standard of living of its members.
  • It encourages personal growth and development.

 

Disadvantages of Cooperatives Society 

  • It gives room for embezzlement.
  • It has weak management.
  • Most members are not sincere.
  • Too much of politics.

 

 

LESSON PRESENTATION

TEACHER’S ACTIVITIES

The teacher,

1. leads discussion on ownership of business organizations using chart.

2. leads discussion on the features of each form of business with examples.

3. explains the advantages and disadvantages of each form of business.

 

 

STUDENT’S ACTIVITIES

The students,

1. mention forms of business.

2. differentiate between the forms of business.

 

 

LESSON EVALUATION

Teacher asks students to,

1. list two features of each type of business organization.

2. mention two advantages and disadvantages of each form of business.

3. give an example of:

  • sole proprietorship
  • partnerships
  • private limited liability comapany
  • public limited companies
  • co-operative societies in your environment.

 

 

THEME – COMMERCE – THE HEART OF BUSINESS (CONSUMER AND SOCIETY) 

TOPIC 4 – CONSUMER, MARKET AND SOCIETY

 

INSTRUCTIONAL MATERIALS

1. Posters

2. Charts

3. Fliers: Showing market scenes

4. Magazines

5. Pictures

6. Newspaper clippings of relevant information on consumer and society.

7. Textbooks and materials.

 

 

LEARNING OBJECTIVES

By the end of the lesson, students should be able to:

1. explain who a consumer is.

2. explain the meaning of market and society.

3. mention three needs for consumer Education.

4. state the importance of consumer education.

4. state the importance of consumer education.

5. explain the consequences of lack of consumer education.

 

 

CONTENTS OF THE LESSON

FOCUS LESSONS 

1. Meaning of Consumer, Market and Society

  • A consumer is a person who purchases goods and services for personal use.
  • A market is a place where people buy and sell goods and services. Any place where goods and services are exchanged is known as market. Market can be a formal or informal settings.
  • A society is an organized place where group of people living as a community.

 

2. Need for Consumer Education 

Consumer education is a private or public knowledge about consumable goods and services.

The needs for consumer education are as follows:

  • Satisfaction
  • Low cost
  • Waste reduction
  • Pricing
  • Selection
  • Feedback
  • Promo and discounts

 

3. Importance of Consumer Education 

  • It helps people to make proper decisions.
  • It helps people to identify fake products.
  • It helps people to take advantage of the market.

 

4. Consequences of Lack of Consumer Education 

  • It increases waste.
  • It makes people to make irrational decisions.
  • It leads to low satisfaction.
  • It makes people to pay more and get less.

 

 

LESSON PRESENTATION

TEACHER’S ACTIVITIES

The teacher,

1. explains the meaning of consumer, market and society.

2. leads discussion on the need for consumer education with appropriate illustrations/example.

3. gives class project for students to visit markets and to observe situations where there is need for consumer education.

4. writes short notes on the topics.

 

 

STUDENT’S ACTIVITIES

The students,

1. participate in the discussion of consumer, market and society.

2. identify the need for consumer education.

3. share individual experience on consequences of lack of consumer education.

4. write project report.

5. write notes.

 

 

LESSON EVALUATION

Teacher asks students to,

1. define who is a consumer.

2. explain the meaning of market and society.

3. list two needs for consumer education.

4. give two effects of lack of consumer education.

 

 

THEME – COMMERCE – THE HEART OF BUSINESS (CONSUMER AND SOCIETY) 

TOPIC 5 – NEED FOR MONITORING AND CONTROL OF CHEMICALS

 

INSTRUCTIONAL MATERIALS

1. Posters

2. Charts

3. Fliers: Showing market scenes

4. Magazines

5. Pictures

6. Newspaper clippings of relevant information on consumer and society.

7. Textbooks and materials

8. Video clips

 

 

LEARNING OBJECTIVES

By the end of the lesson, students should be able to:

1. explain the meaning of chemicals.

2. distinguish between chemicals suitable and not suitable for use.

3. explain the need for monitoring and controlling chemicals suitable and not suitable for use.

 

 

CONTENTS OF THE LESSON

FOCUS LESSONS 

1. Meaning of Chemicals

2. Chemicals Suitable and not Suitable for Use

A. Suitable Chemicals

Chemicals are said to be suitable for consumption, if they have little or no effects on lives and properties when in contact with food, materials and human body.

These chemicals are used for food protection, medicine production, clothing and housing production, etc.

For example – drugs, salt, water, etc. High chemical contents such as cement, detergent, fertilizer, insecticide and pesticides, etc. must be store and package properly.

Suitable chemicals are safe, harmless, non toxic, some of them can be inhale or ingest, not irritant, little or no corrosive and flammable.

 

B. Unsuitable Chemicals 

Chemical are said to be not suitable for consumption, if they high negative effects on lives and properties when in contact with food, materials and human body.

For example – acid, etc.

Unsuitable chemicals are dangerous, harmful, destructive to lives, properties and ecosystem, toxic, irritant, corrosive, radioactive and flammable.

 

3. Need for Monitoring and Controlling

NAFDAC is charged with the responsibility to regulates, monitors and controls the importation, exportation, manufacture, advertisement, distribution, sales and uses of foods, drugs and chemicals.

The need for monitoring and controlling food, drugs and chemicals use are follows:

  • To safeguard lives and properties.
  • To preserve the environment and ecosystem.
  • To set standard.
  • To check and prevent substandard.
  • To education the consumption on the consumption of certain food, drugs and chemicals.

 

The effects of uncontrolled chemicals are as follows:

  • Stomach upset
  • Deformity
  • Skin rashes
  • Corrosive (rust or decay)
  • Blindness
  • Skin cancer
  • Weaken blood cell
  • Irritation
  • Highly flammable
  • Death

 

 

LESSON PRESENTATION

TEACHER’S ACTIVITIES

The teacher,

1. explains the meaning of chemicals.

2. leads Discussion on Chemicals suitable for use.

3. gives class project for students to visit markets and find out chemicals suitable and not suitable for use.

4. discusses needs for monitoring and controlling of food, drugs and chemicals.

5. writes short notes on the topics.

 

 

STUDENT’S ACTIVITIES

The students,

1. participate in the discussion on meaning of chemicals and chemicals suitable and not suitable for use.

2. identify the need for monitoring and controlling of food, drugs and chemicals.

3. visit market and write project report.

4. copy notes from the board.

 

 

LESSON EVALUATION

Teacher asks students to,

1. state what chemicals are.

2. distinguish between chemicals suitable and not suitable for use.

3. list 2 effects of lack of monitoring of chemicals.

4. state 2 ways of controlling chemicals.