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.
- 09:16 “And in this case, it ensures that there is a smooth flow of information between the retailer and the producer. Now the retailer. Who is a retailer? A retailer may be defined as a trader who buys goods in small quantities...”
- 10:56 “when they don't have money to pay immediately, for payments to be made later. He talks variety of goods. That is, it makes a valuable variety of goods to the consumers. He supplies information to the whole seller and man...”
- 01:01 “manufacturer to the final consumers. It is also referred to as chain of distribution or distributive trait. That is, the channel of distribution is the channel through which the goods passes from the manufacturer or prod...”
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.
- 10:09 “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...”
- 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...”
- 09:16 “services, we can also divide them into three direct services, an environment to have commercial, direct services are those ones who give you direct service and pay for the services given to you. All right? In direct, tho...”
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...”
- 02:25 “to consume it, your biscuits is the consumer goods, your notebook is the consumer goods, your uniform, your sandals, those are consumer goods. The moment you pick them up you can use them. Capital goods are those goods t...”
Preparation of Snacks and Drinks
The lesson covers the preparation of donuts and coffee drinks. It includes the ingredients needed, the steps for making donuts, and how to prepare coffee. The lesson also discusses the importance of yeast in dough preparation.
- 00:02 “Good day, my name is Miss Mary. Today we'll be talking on home economics, JSS 3 class, we'll be continuing with the topic preparation, packaging, and marketing of food items. Last time we stopped at the duties of food se...”
- 07:48 “Just because you want to give us something nice, a meal that is good. And the look is not even appetizing enough. That is not a total package or total preparation and serving of a meal. Now, we have the guidelines for co...”