Lesson Notes By Weeks and Term - Senior Secondary School 3

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Term: 2nd Term

Week: 7

Class: Senior Secondary School 3

Age: 17 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Marketing

Topic:-       Purchase, supplies and merchandising of goods and services II

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

  1. List some sources of purchasing and supplying goods and services
  2. Highlight the laws governing purchase and supply of goods and services

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 purchase, supplies and merchandizing of goods and services

Students pay attention

STEP 2

EXPLANATION

She lists some sources of purchasing and supplying of goods and services

Students pay attention and participates

STEP 3

DEMONSTRATION

She highlights the laws governing the purchase and supply of goods and services

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

SOURCES OF PURCHASING AND SUPPLY OF GOODS AND SERVICES

  1. newspaper or media reports
  2. announcements
  3. trade directories
  4. professional journals and magazines
  5. product catalogues
  6. company newsletters
  7. trade fairs
  8. product exhibition
  9. product show
  10. workshop salesman
  11. sales promotion contracts, etc.

 

THE LAWS GOVERNING PURCHASE AND SUPPLY OF GOODS AND SERVICES

(a) The higher the price, the lower the quantity purchase and the lower the price the higher the quantity purchase.

(b) The process of adjustment rests at the point where purchase equals to supply.

(c) An increase in supply will lead to decrease in the market price and an increase in purchase.

(d) A decrease in supply will cause an increase and a fall in purchase.

(e) An increase in purchase will bring about an increase in price and a rise in supply.

(f) A decrease in supply may lead to a fall in price and a decrease in supply.

 

EVALUATION:    1. List some sources for the purchase and supply of goods and services

  1. Highlight the laws governing the purchase and supply of goods and services

 

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively