WEEK 10
Posted: Fri Jun 19, 2015 8:58 pm
MAIN TOPIC: METHOD OF BUYING
SPECIFIC TOPIC: Meaning and methods of buying
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 21-24
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 38-45
PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
state the meaning of buying
mention various methods of buying
CONTENTS:
Buying means the acquisition of goods by paying out money.
Sellers carry their goods to the market for sales; buyers also go to the market with their money to buy goods. In order to exchange his money for goods, a price has to be negotiated, the buyer will like to exchange his money for goods from a seller who is ready to part with his goods at a price.
There are basically four methods of buying and they are:
Buying by description
Buying by sample
Buying by inspection
Buying by Auction
EVALUATION:
what is buying
mention four methods of buying
HOME-WORK: explain buying by sample
LESSON 21
MAIN TOPIC: METHOD OF BUYING
SPECIFIC TOPIC: Meaning and methods of buying
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 21-24
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 38-45
PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
explain the various methods of buying
mention items that can be bought with each method
CONTENTS:
BUYING BY DESCRIPTION
There are certain products that cannot be opened and tested before a consumer pays for them.
The consumer has to rely on the description of the product. Product like ice cream, soft drink, eggs and drugs cannot be tested before they can be bought.
BUYING BY SAMPLE
Some sellers allow the consumers to taste or test their product before paying for them. E.g. garri, clothes, shoes etc.
BUYING BY INSPECTION
This is the most popular method in Nigeria. The buyer has the opportunity to look closely at the goods he wants to buy. Examples of goods that can be bought by inspection include yam tubers, okro, electronic etc.
BUYING BY AUCTION
This requires that the prospective buyer makes an offer for the goods. That is, he bids for it.
There are usually a large number of bidders and the goods will be sold to the highest bidder, which is the person who offers the highest price. Examples of goods commonly sold by auction are raw materials, unclaimed goods at ports etc.
EVALUATION:
explain three methods of buying of your choice
mention five goods and mention that method that can be used to purchase the good.
HOME-WORK: what are cash transactions?
LESSON 22
MAIN TOPIC: METHOD OF BUYING
SPECIFIC TOPIC: Procedure for buying and selling
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 21-24
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 38-45
PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
state the meaning of buying procedure
mention and explain the two procedures for buying and selling
CONTENTS:
Buying procedures are the generally accepted ways of buying and selling goods.
The procedure for buying and selling may be classified into two:
Cash transactions
credit transactions
CASH TRANSACTION: This occurs when goods are bought and the money is paid for immediately.
CREDIT TRANSACTIONS: Some customers may not be able to pay immediately for the goods or services they buy. Instead they promise to pay at a later date. Such customers are said to buy on credit.
EVALUATION:
What do you understand by buying procedure
Mention two procedures for buying and selling of goods and services
HOME-WORK: who is a receptionist?
further studies
http://www.macmillandictionary.com/thes ... nd-selling
http://www.reisa.com.au/publicinfo/meth ... ng-selling mention items that can be bought with each method
SPECIFIC TOPIC: Meaning and methods of buying
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 21-24
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 38-45
PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
state the meaning of buying
mention various methods of buying
CONTENTS:
Buying means the acquisition of goods by paying out money.
Sellers carry their goods to the market for sales; buyers also go to the market with their money to buy goods. In order to exchange his money for goods, a price has to be negotiated, the buyer will like to exchange his money for goods from a seller who is ready to part with his goods at a price.
There are basically four methods of buying and they are:
Buying by description
Buying by sample
Buying by inspection
Buying by Auction
EVALUATION:
what is buying
mention four methods of buying
HOME-WORK: explain buying by sample
LESSON 21
MAIN TOPIC: METHOD OF BUYING
SPECIFIC TOPIC: Meaning and methods of buying
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 21-24
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 38-45
PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
explain the various methods of buying
mention items that can be bought with each method
CONTENTS:
BUYING BY DESCRIPTION
There are certain products that cannot be opened and tested before a consumer pays for them.
The consumer has to rely on the description of the product. Product like ice cream, soft drink, eggs and drugs cannot be tested before they can be bought.
BUYING BY SAMPLE
Some sellers allow the consumers to taste or test their product before paying for them. E.g. garri, clothes, shoes etc.
BUYING BY INSPECTION
This is the most popular method in Nigeria. The buyer has the opportunity to look closely at the goods he wants to buy. Examples of goods that can be bought by inspection include yam tubers, okro, electronic etc.
BUYING BY AUCTION
This requires that the prospective buyer makes an offer for the goods. That is, he bids for it.
There are usually a large number of bidders and the goods will be sold to the highest bidder, which is the person who offers the highest price. Examples of goods commonly sold by auction are raw materials, unclaimed goods at ports etc.
EVALUATION:
explain three methods of buying of your choice
mention five goods and mention that method that can be used to purchase the good.
HOME-WORK: what are cash transactions?
LESSON 22
MAIN TOPIC: METHOD OF BUYING
SPECIFIC TOPIC: Procedure for buying and selling
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al .Pages 21-24
WABP JSS Business Studies 2 by Egbe T. Ehiametalor. Pages 38-45
PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
state the meaning of buying procedure
mention and explain the two procedures for buying and selling
CONTENTS:
Buying procedures are the generally accepted ways of buying and selling goods.
The procedure for buying and selling may be classified into two:
Cash transactions
credit transactions
CASH TRANSACTION: This occurs when goods are bought and the money is paid for immediately.
CREDIT TRANSACTIONS: Some customers may not be able to pay immediately for the goods or services they buy. Instead they promise to pay at a later date. Such customers are said to buy on credit.
EVALUATION:
What do you understand by buying procedure
Mention two procedures for buying and selling of goods and services
HOME-WORK: who is a receptionist?
further studies
http://www.macmillandictionary.com/thes ... nd-selling
http://www.reisa.com.au/publicinfo/meth ... ng-selling mention items that can be bought with each method