Lesson Notes By Weeks and Term - Senior Secondary School 1

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  4. mall scale retail trade; characteristics, advanta

Term: 2nd Term

Week: 2

Class: Senior Secondary School 1

Age: 15 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:    Commerce

Topic:-      Small scale retail trade; characteristics, advantages and disadvantages

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. State the characteristics of small scale retail trade
  2. Discuss the advantages and disadvantages of small scale retail trade

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on classification of retail trade

Students pay attention

STEP 2

EXPLANATION

She states the characteristics of small-scale retail trade

Students pay attention and participates

STEP 3

DEMONSTRATION

She further outlines the advantages and disadvantages of retail trade

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

CHARACTERISTICS OF SMALL SCALE RETAIL TRADE

  1. Lower Revenue and Profitability.
  2. Smaller Teams of Employees.
  3. Small Market Area.
  4. Sole or Partnership Ownership and Taxes.  
  5. Limited Area of Fewer Locations.

 

ADVANTAGES OF SMALL-SCALE RETAIL TRADE

  1. Needs small capital to start.
  2. It is close to customer's residence.
  3. It provides employment to the unemployed.
  4. It serves as a stepping-stone to bigger business.
  5. It renders efficient services to its customers than their large-scale counterparts.
  6.  It promotes friendly relationship between the retailer and the consumer

 

DISADVANTAGES OF SMALL SCALE RETAIL TRADE

  1. Insufficient capital to run their business
  2. they cannot easily obtain loans
  3. They are unable to enjoy the economies of scale
  4. No room for expansion since there is insufficient capital

 

EVALUATION:   1. What are the characteristics of small scale retail trade?

  1. Outline the advantages and disadvantages of small scale retail trade

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively