Aids to Trade: How Services Make Business Easier Business Studies JSS 2 First Term Lesson Notes Week 5

Lesson Plan: Business Studies JSS 2 First Term Lesson Notes – Week 5

Subject: Business Studies
Class: JSS 2
Term: First Term
Week: 5
Age: 12-13 years
Topic: Aids to Trade
Sub-topic: Forms of Trade and Services That Make Trade Easy
Duration: 40 minutes

Behavioural Objectives:

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

1. Describe the forms of trade aids (Banking, Insurance, Advertising, Communication, Transport, Television, and Warehousing).
2. Explain the services that make trade easy.
3. Identify the roles of customs in channels of distribution.
4. Recognize licensed channels/vendors in trade.

Keywords:

Aids to trade, banking, insurance, advertising, warehousing, customs, channels of distribution

Set Induction:

Ask students if they have seen how goods move from one place to another and how businesses use banks to store money or pay for services.

Entry Behaviour:

Students are familiar with basic trade processes like buying and selling goods.

Learning Resources and Materials:

• Charts showing forms of trade aids
• Flashcards with terms like “banking,” “insurance,” “communication”
• Pictures showing different aids to trade in action (e.g., transport trucks, bank buildings)

Building Background/Connection to Prior Knowledge:

Students are already familiar with basic trade activities and understand how buying and selling happen in their daily lives.

Embedded Core Skills:

• Communication
• Critical thinking
• Problem-solving
• Financial literacy

Learning Materials:

• Lagos State Scheme of Work
• Business Studies textbooks
• Visual aids showing different aids to trade

Instructional Materials:

• Pictures of banks, insurance offices, transport systems, warehouses
• Videos showing how trade aids help in moving goods from one place to another
• A chart showing how customs control imports and exports

Content:

I. Describe Forms of Trade Aids:

1. Banking:
   Banks provide services such as savings accounts, loans, and transfer of money, which help businesses manage their funds.
   • Example: A trader deposits their daily earnings in the bank.
2. Insurance:
   Insurance protects businesses from losses due to accidents, theft, or natural disasters.
   • Example: A store owner insures their shop against fire.
3. Advertising:
   Advertising helps businesses promote their goods and services to attract customers.
   • Example: A company uses billboards to advertise their products.
4. Communication:
   Communication tools like phones and the internet help businesses talk to customers and suppliers.
   • Example: A supplier uses email to confirm an order from a customer.
5. Transport:
   Transport services move goods from one place to another, making trade possible over long distances.
   • Example: Trucks delivering goods from Lagos to Abuja.
6. Television:
   Television can be used to advertise and promote goods to a wider audience.
   • Example: A new product launch is broadcast on TV.
7. Warehousing:
   Warehousing provides storage for goods until they are sold.
   • Example: A large warehouse storing imported electronics for distribution.

II. Explain the Services That Make Trade Easy:

1. Banking Services: Banks provide businesses with financial services such as loans and online payments.
2. Insurance Services: Insurance companies help businesses recover from unexpected losses.
3. Advertising Services: Advertising makes people aware of goods and services, increasing sales.
4. Transport Services: Transport services ensure that goods move from one location to another.
5. Communication Services: Communication helps businesses stay in contact with their customers and suppliers.

III. Roles of Customs in the Channels of Distribution:

1. Customs check and control goods entering or leaving the country.
2. They ensure that proper taxes are paid on goods.
3. Customs help to stop the entry of illegal goods into the country.
4. They ensure that all imported goods meet the required standards.

IV. Identify Licensed Channels/Vendors:

Licensed channels or vendors are businesses or people who are officially allowed to sell goods or services.

• Example:
  a) Supermarkets selling food and household items
  b) Licensed car dealers selling imported cars
  c) Authorized agents selling phones and electronics

Evaluation:

15 Fill-in-the-Blank Questions:

1. ______ helps protect businesses from losses due to accidents or theft.
   a) Banking
   b) Insurance
   c) Advertising
   d) Customs
2. ______ helps move goods from one place to another.
   a) Transport
   b) Warehousing
   c) Insurance
   d) Customs
3. A warehouse is used to ______ goods before they are sold.
   a) transport
   b) store
   c) advertise
   d) insure
4. ______ helps to promote goods and services to potential buyers.
   a) Communication
   b) Banking
   c) Advertising
   d) Customs
5. Banks provide loans and ______ services to businesses.
   a) advertising
   b) insurance
   c) financial
   d) customs
6. ______ check goods entering and leaving the country to ensure they meet the required standards.
   a) Customs
   b) Banks
   c) Insurance companies
   d) Transport services
7. ______ helps businesses communicate with customers and suppliers.
   a) Warehousing
   b) Banking
   c) Communication
   d) Advertising
8. ______ allows goods to be stored until they are ready to be sold.
   a) Transport
   b) Customs
   c) Warehousing
   d) Insurance
9. ______ protects businesses against risks like fire and theft.
   a) Banking
   b) Advertising
   c) Insurance
   d) Customs
10. ______ ensures that illegal goods do not enter the country.
    a) Customs
    b) Banks
    c) Insurance
    d) Advertising

Class Activity Discussion:

15 FAQs with Answers:

1. What is banking?
   Banking helps businesses manage their money, loans, and payments.
2. What is insurance?
   Insurance protects businesses from losses such as accidents or theft.
3. Why is advertising important?
   Advertising helps businesses promote their goods and services to customers.
4. How does transport aid trade?
   Transport moves goods from one place to another.
5. What is warehousing?
   Warehousing is the storage of goods until they are ready for sale.
6. How does communication help in trade?
   Communication helps businesses stay in touch with their customers and suppliers.
7. What role do customs play in trade?
   Customs control goods entering and leaving the country, ensuring taxes are paid and illegal goods are stopped.
8. What is the purpose of licensed vendors?
   Licensed vendors are authorized to sell specific goods or services legally.
9. Why are warehouses important in trade?
   Warehouses provide storage for goods until they are needed.
10. How does advertising increase sales?
    Advertising makes more people aware of a business’s goods or services, encouraging them to buy.
11. What service do banks provide for businesses?
    Banks provide loans, money transfers, and savings accounts for businesses.
12. What kind of businesses need insurance?
    All businesses need insurance to protect themselves from unexpected risks.
13. How do customs ensure the quality of goods?
    Customs check that imported goods meet the required standards.
14. What is an example of a licensed vendor?
    A licensed car dealer who sells imported cars legally.
15. Why is transport important for trade?
    Without transport, goods cannot move from manufacturers to buyers.

Presentation Steps:

1. Step 1: The teacher revises the previous topic, which was “Trade.”
2. Step 2: The teacher introduces the new topic, explaining the aids to trade and services that make trade easier.
3. Step 3: The teacher allows the students to share examples of aids to trade, while correcting them where necessary.

Teacher’s Activities:

• Explain the forms of trade aids and how they help businesses.
• Show pictures and videos to demonstrate different forms of trade aids in action.
• Guide students in identifying the roles of customs and licensed vendors.

Learners’ Activities:

• Participate in class discussions on aids to trade.
• Share examples of how businesses use banks or transport services.
• Work in groups to list local businesses that use trade aids like advertising or insurance.

Evaluation Questions:

1. What is banking?
2. Give one example of how insurance helps businesses.
3. How does advertising aid trade?
4. What is warehousing?
5. Mention two services that make trade easier.
6. What is the role of customs in trade?
7. How does transport help in trade?
8. Give one example of a licensed vendor.
9. Why is communication important for businesses?
10. What service do banks provide to businesses?

Conclusion:

The teacher goes around the classroom, marks the students’ work, and provides feedback based on their understanding of the aids to trade.

Additional Information:

• Captivating Title: Aids to Trade: How Services Make Business Easier
• Focus Keyphrase: Aids to Trade
• SEO Title: Aids to Trade: Forms and Services Explained
• Slug: aids-to-trade-forms-and-services
• Meta Description: Learn about aids to trade and services that make trade easy for businesses.

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