Consumer Rights and Protection
The lesson covers the definition of consumer rights and the importance of detailed information about products. It explains the origin of consumerism and lists the eight universal consumer rights. The lesson also discusses unfair market practices and the role of consumer protection.
- 03:59 “But the seller would be like, "I haven't sold anything for two weeks." So this is my market. I have to sell it. So a consumer has the right to be protected against all of this. And sellers have been taking advantage late...”
- 21:28 “So as we read the end of today's lesson, I need everyone to define many of consumer rights in their own words and from what we have learned today, explain the origin root of consumerism. Please at least six universal rig...”
- 02:28 “what to buy, probably they are the only ones in the market that have this particular brand or specific product. So what do they do? They try to inflate the price, make it higher. So that the consumer will buy it. That is...”
Advertising in Commerce
This lesson covers the meaning of advertising and its role in business. It explains different types of advertising, the methods used, and the various media involved. The lesson also discusses consumer protection against misleading advertisements.
- 09:35 “Also, it encourages many brands which may lead to indecision amongst customers. Now, advertising does not discriminate which brand to advertise or which product to advertise although they may be but do not discriminate b...”
- 12:49 “four medias of advertising, list and explain consumer protection in advertising. Now, we have come to the end of this class. Thank you for watching. I remain your comments teacher, Miss Lydia.”
- 12:00 “of 1968. We have the sales of goods act of 1893. We have in descent advertisement act of 1889. We have copyright act of 1956. We have obscene publication act of 1959. We have the advertisement act of 1967. Now, all these...”
Cleaning Agents and Cosmetics Production
This lesson covers the definition and types of cleaning agents, including commercial and homemade varieties. It also discusses the preparation of homemade cleaning agents and cosmetics, along with safety and regulatory aspects related to cosmetic products.
- 18:33 “control the importation, exportation, manufacturing, advertisement, distribution, sales and use of food, drugs, cosmetics, medical devices, bottled water, and so on and so on. So it's not only for the cosmetic parts, eve...”
- 20:57 “Because different people will be handling the products in the process of distribution. Also, providing necessary measures for quality, control of raw materials and products in conformity with the standard specification....”
- 21:52 “goods that are not safe to host just because they are being introduced to host in the fraudulent manner. Now what are the roles of drug and food administration? Number one, ensuring that equates an effective standard for...”
Types of Office Documents
The lesson explains the term 'office document' and identifies different types of office documents. It covers sales documents, their examples, and their uses, as well as purchase documents.
- 14:37 “of doing business. So, legal protection for the seller and also for the buyer. In some cases, as an example, a buyer purchases a product and pays for the product. But banking systems may have error and in this case, the...”
- 15:24 “in the future. To make more sales, to increase productivity. These are uses of a purchases documents. Budgeting. The seller or manufacturer needs to understand how much would be put into the cost of production of each pr...”
- 05:42 “products have been debitted and amounts that have not even been bought. So, a receipt is just an evidence of payments and this is part of a sales document. Preparation of sales documents, what are the things we need to p...”
Types of Production
This lesson defines production and explains its types, including primary, secondary, and tertiary production. It also discusses the extraction of raw materials and the transformation into finished goods.
- 10:57 “to get those goods to be consumers are either by air, by water or by road, okay? And before those goods will be able to get to the consumer, it may be stored in our warehouse, okay? Until those goods are being needed. An...”
- 10:09 “house health, still work actors, house health, still work and so on and so forth. We also have people like the judges, the educationists, ambassadors, soldiers, policemen and so on and so forth. Right? We also have peopl...”
Channels of Distribution
This lesson covers the channels through which goods move from producers to consumers. It explains the roles of wholesalers and retailers, the functions of cooperative societies and government agencies in distribution, and identifies problems in distribution along with possible improvements.
- 15:00 “government are supposed to provide storage facilities so that goods that are produced in large quantities and which are perishable can be stored and so that they are prevented from spoilage, especially agricultural produ...”
- 13:23 “the financial capacity to buy and pay immediately are given goods on credits. They give advice to members also as regards the product and services they wish to go into or deal in. They also bring products closer to membe...”
- 05:15 “Provision of transport. He provides transport by taking transport to the manufacturer and getting those goods and transporting them back to his warehouse. He also even performs this function or this rule to the retailer...”
Pre-colonial Administration Systems
This lesson covers the systems of government in the Hausa/Fulani, Igbo, and Yoruba societies before colonial rule. It explains the structure of their governments, the roles of different components, and compares the various pre-colonial administrations.
- 11:48 “Now, the law already then were not checked. Now, because the law already were not checked by other members, it was only restricted to people, to the people who were among the political units. They were the one that says...”
- 12:36 “Now, because if, if a particular community needs the, the traditional rulers, the chiefs and the rest of them will be the one to, to dictate. Although, they will be the one to say, okay, we need, we need this particular...”
Meaning and Types of Trade
The lesson explains the concept of trade as the buying and selling of goods. It describes the types of trade, including own trade and foreign trade, and outlines the services that facilitate trade. The role of Customs and Excise in foreign trade is also discussed.
- 14:56 “Insurance helps to train these children. It is also payments and premium for eventuality. Nobody pays for anything but but for natural disasters or deaths or accidents, insurance is a very good way to help compensate the...”
- 16:29 “So they are communicating to me that it helps to lower blood pressure. It increases lifespan. So they have communicated to me. What do I need to do? Then I buy. So advertising it's trade. It is also a form of persuasion....”
- 15:41 “they advertise a product. For example, Margarine, what do they do? They want to buy. So they have a target group. They know that young children like to eat bread with butter. So they try to make the advertisements when t...”
Factors of Production
The lesson covers the concept of production and its types. It explains the factors of production, division of labor, and specialization. The advantages and disadvantages of division of labor and large scale production are also discussed.
- 01:36 “haircuts, your legal advice, your medical services and all of that, things that we can't see that are rendered towards those are services. It is important to note that production is only complete when the goods or servic...”
- 00:49 “services to the final consumers for the satisfaction of human wants. Simply put, economic activities that lead to the production of goods and services that satisfy human wants. Now one critical thing to note is that okay...”
- 33:30 “goods that is internal economies. The things that happen on the inside that brings about, what would I call it now, a shortfall to that internal, these economies. The things that happen on the outside that brings about g...”
Types of Warehouses
The lesson covers the definition of warehousing and its role in storing goods. It explains different types of warehouses, including bounded warehouses, and discusses their functions and importance in business. The advantages and disadvantages of warehousing are also listed.
- 05:24 “These goods kept in the state warehouse if they can be consumed by the general public, the government's auctions then that is sells them to a bidding price. So, the public is usually done in public setting that is, okay,...”
- 15:46 “Then, 5. It reduces the risk of loss. Now, goods in warehouses are well-guarded and preserved. That is the security measures put in warehouses to make sure that to ensure the safety of goods and raw materials stored in t...”
- 06:11 “Now, take, for example, one of such goods, take, for example, cocaine or hadrocks, let's say, hadrocks is not allowed in any country, it's contraband good. So, when it is brought into the country, it is not healthy for a...”
Basic Economic Problems
This lesson covers the basic economic problems faced by society, including scarcity and resource allocation. It explains different economic systems such as capitalism, socialism, and mixed economy, and how they address these problems. The role of market forces in regulating the economy is also discu
- 23:54 “that while some people are building wealth, some people are not living in penalty or poverty. The next point is consumer sovereignty is protected. So, in the mixed economy, there's consumer sovereignty as opposed to a ca...”
- 31:54 “want to produce the resources for the people, the government can decide that this section of the economy needs this intervention and so the government is going to invest resources into producing the goods or the service...”
- 16:43 “the plan is going to be central. So, that's the difference. Now, we're moving to the disadvantages of socialism. The first one is loss of consumer sovereignty. In the capitalist system, the consumer is king. That's the c...”
Commercial Arithmetic: Profit and Loss
This lesson covers the concepts of profit and loss in commercial arithmetic. Students will learn to identify cost price and selling price, and how to calculate profit or loss these values. The lesson also includes calculating profit or loss in percentage.
- 22:01 “The third part is this discount. In a home, you can give discount. It's the reduction in the market price of an item. So that the customer pays less than the normal price for the item. Trade does often give the discount...”
- 26:43 “A customer or a consumer buys how many? 24. And pays 3420. Calculate the normal price, parking. Now, it is paying. Going fully well, just look at it carefully. Looking at it, what do we have? The discounted price. We exp...”
- 10:59 “That's P. So, either the formula you apply depends on what the question is actually to look for. Pick up the first question, question number two. Esella buys 20 pair of women's sneakers from manufacturer, 20 pair, 10-min...”
ECOWAS Overview
This lesson covers the meaning of the acronym ECOWAS, which stands for Economic Community of West African States. It identifies the member countries, discusses the purpose of ECOWAS, and outlines its advantages and disadvantages, along with potential solutions to its problems.
- 12:45 “There's also an introduction of Ecoa's insurance. You could see a lot of benefits. Insurance scheme for members who we should travel out of their countries. There is also increase in cooperation among member countries. T...”