WAEC Store Management Syllabus 2026/2027: Complete Guide, Exam Structure & Recommended Textbooks
The WAEC Store Management Syllabus 2026/2027 is a comprehensive academic and practical guide designed to equip candidates with essential knowledge of storekeeping, inventory control, retailing, wholesaling, warehousing, record keeping, and financial management. This subject plays a critical role in preparing students for careers in business management, entrepreneurship, logistics, supply chain management, and retail operations.
Table of Content
Overview of WAEC Store Management 2026/2027
Aims and Objectives of Store Management
WAEC Store Management Examination Guide
Detailed WAEC Store Management Syllabus 2026/2027
Importance of Store Management in Business
Career Opportunities for Store Management Students
Tips to Pass WAEC Store Management with Excellent Grades
Conclusion
WAEC Store Management Syllabus 2026/2027 | Recommended Textbooks
Overview of WAEC Store Management 2026/2027
The WAEC Store Management syllabus is structured to assess a candidate’s understanding of store operations, business documentation, financial handling, stock valuation, and legal aspects of business. It covers both theoretical concepts and practical applications required in real-life business environments.
The syllabus focuses on:
Efficient management of store resources
Proper stock control and valuation
Effective customer service
Accurate record keeping
Legal and regulatory compliance
Sound financial and risk management practices
This makes Store Management a highly relevant subject for students aspiring to study business-related courses in tertiary institutions or start entrepreneurial ventures.
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Aims and Objectives of WAEC Store Management 2026/2027
The WAEC Store Management syllabus aims to ensure that candidates:
Understand the rudiments of running a store effectively
Acquire entrepreneurial and managerial skills
Understand wholesaling and retailing concepts
Learn how to use basic business and trade documents
Develop skills in stock control, record keeping, and inventory management
Understand how to manage business risks and finances
Apply learned concepts to real business situations
These objectives align Store Management with modern business education and practical career readiness.
WAEC Store Management Syllabus 2026/2027: Complete Guide, Exam Structure & Recommended Textbooks
The examination consists of two papers, taken as a composite paper in one sitting.
Paper 1: Objective Test
50 multiple-choice questions
Duration: 1 hour
Total marks: 50
This paper tests candidates’ understanding of key concepts, definitions, and principles of store management.
Paper 2: Essay Test
Seven essay questions
Candidates answer any five
Duration: 2 hours
Total marks: 100
Paper 2 assesses deeper understanding, analytical ability, and practical application of store management principles.
WAEC Store Management Syllabus 2026/2027
1. Introduction to Store Management
Meaning of store management
Importance of effective store management in business operations
2. Store Management
Functions of a store manager
Qualities and characteristics of a good store manager
3. Customer Services
Pre-sale services
After-sale services
Importance of customer satisfaction and retention
4. Functions of Management
Planning
Organizing
Leading
Staffing
Controlling
These functions form the backbone of successful store operations.
5. Factors in Establishing a Store
Market availability
Finance
Type of stock
Transportation
Accessibility
Security
Government regulations
Personnel
6. Retailing
Definition of retailing
Functions of a retailer
Importance of retail businesses
7. Wholesaling
Definition of wholesaling
Functions of a wholesaler
Differences between wholesaling and retailing
8. Warehousing
Meaning of warehousing
Types of warehouses
Importance of warehousing in business
9. Transportation
Definition and meaning
Means of transportation
Advantages and disadvantages of each means
Factors affecting transport choice
10. Stock Control – Introduction
Meaning of stock control
Importance of maintaining optimal stock levels
11. Types of Stock Records
Stock list
Bin card / Store card
Store requisition form
Delivery note
12. Methods of Stock Control
Manual stock control methods
Periodic stocktaking
Perpetual stocktaking
Annual stocktaking
Computerized stock control systems
13. Levels of Stock Control
Maximum stock level
Minimum stock level
Reorder level
14. Issuing of Stock
First-In-First-Out (FIFO)
Last-In-First-Out (LIFO)
15. Pricing
Definition of pricing
Types of pricing:
Mark-up pricing
Mark-down pricing
Penetration pricing
Skimming pricing
Below-cost and above-cost pricing
16. Organizational Policy
Meaning of organizational policy
Employment policy
Decision-making
Customer service policy
Public relations
17. Organizational Standards
Meaning of standards
Productivity standards
Customer satisfaction standards
18. Organizational Culture
Meaning and explanation
Attitude to customers
Relationship with co-workers
Relationship with superiors
Dress code and work ethics
19. Business Communication
Meaning of communication
Types: oral, written, and non-verbal
Business documents such as letters, memos, reports, and circulars
20. Electronic Communication
Meaning of electronic communication
Means: telephone, email, fax, and radio messages
21. Word Processing
Use of computers in preparing business documents
22. Business Law – Overview
Meaning of business law
Importance of legal knowledge in business
23. Law of Contract
Elements of a valid contract
Rights and obligations of employers and employees
24. Agency
Meaning and types of agency
Creation of agency
Rights and duties of principals and agents
25. Sale of Goods Act
Meaning of a contract of sale
Formalities of sale
26. Government Regulation of Business
Patent rights
Copyright
Trademark
Health and Safety at Work Act
Consumer protection laws
Licensing
27. Government Regulatory Agencies
NAFDAC
NDLEA
Standards Organisation of Nigeria (SON)
28. Record Keeping – Documentation
Filing and indexing
Rules and methods of filing
Source documents such as invoices, receipts, cheques, and vouchers
29. Trade Documents (Foreign Trade)
Bills of Lading
Certificate of Origin
Consular invoice
Insurance certificate
Bills of Exchange
Letter of Credit
30. Trade Documents (Home Trade)
Orders
Enquiries
Waybills
Invoices
Receipts
Debit and credit notes
31. Bookkeeping – Subsidiary Books
Meaning and importance
Purchase and sales day books
Returns books
Cash book
32. Imprest System
Meaning of imprest system
Preparation of petty cash book
33. Final Accounts
Trading Account
Profit and Loss Account
Balance Sheet
34. Sales / Turnover
Meaning of sales turnover
Calculation of turnover rate
35. Risk Management
Meaning of risk
Methods of risk management
Insurance and risk transfer
Maintaining optimum stock levels
36. Handling Finances of the Store
Investments and capital investment
Capital market and stock exchange
Advantages of shareholding
37. Money Market Instruments
Treasury bills
Commercial papers
Bonds
38. Taxation
Meaning of tax
Importance of taxation
Types of taxes: income tax, VAT, excise duties, import duties
Importance of Store Management in Business
Store Management ensures:
Availability of goods when needed
Prevention of losses and theft
Accurate financial reporting
Customer satisfaction
Business growth and profitability
Career Opportunities for Store Management Students
Students who pass WAEC Store Management can pursue careers such as:
Store Manager
Inventory Control Officer
Warehouse Supervisor
Procurement Officer
Retail Manager
Logistics Assistant
Entrepreneur
Tips to Pass WAEC Store Management 2026/2027 Successfully
Study the syllabus thoroughly
Practice past questions
Understand definitions and applications
Learn business documents and calculations
Manage time effectively during exams
Conclusion
The WAEC Store Management Syllabus 2026/2027 provides students with solid business, financial, and managerial skills essential for success in modern commerce. With proper preparation and understanding of the syllabus, candidates can excel academically and build a strong foundation for business-related careers. For more information, visit the WAEC official website https://www.waeconline.org.ng/
