Topic 1: Theory Of Demand
a). Theory of Demand
i. Define demand
ii. Draw demand schedule and curves
iii. Point the factors which determine the strength of demand (causes for demand changes)
iv. Define elasticity of demand
v. Identify the factors that determine degree of elasticity (changes) of demand
Topic 2: Theory Of Supply
a). Theory of Supply
i. Explain the meaning of supply
ii. Draw supply schedule and curves
iii. Mention the causes of supply changes
iv. Calculate elasticity of supply
Topic 3: Retail Trade
a). Retail Trade
i. Define Retail Trade
ii. Distinguish between retailing and the Retailer
iii. Point out the functions of retail Trade
iv. Identify the different types of retailers
v. Explain the qualities of a retailer
vi. Discuss the modern development in retail trade
Topic 4: Wholesale Trade
a). Wholesale Trade
i. Define wholesale trade
ii. Distinguish between wholesaler and retailer
iii. Mention the functions of wholesaler
iv. Point the services rendered by wholesaler to manufactures, retailers, and the public
v. Identify the types of wholesalers (merchant, national, agents)
vi. Explain the channels of distribution
vii. Show when the necessity of eliminating the wholesaler will arise
Topic 5: Ware-Housing Management
a). Ware-housing Management
i. Define the terms ware-housing and ware-house
ii. Show the need for warehousing
iii. Distinguish the various types of warehouses
Topic 6: Stock Administration
a). Stock Administration
i. Define the term stock administration
ii. Explain what is meant by: Receiving; Issuing; Stocktaking; Care of stock; Placement of stock items
iii. Give the meaning and determination of Turnover; Stock level