WAEC Areas of Concentration for Business Management 2025/2026

The WAEC Areas of Concentration for Business Management 2025/2026, focuses on understanding and appreciating fundamental concepts, principles, and practices in the field. It emphasizes the significance of business management within the economy and enables students to relate theoretical knowledge to practical business scenarios, preparing them for further studies in the discipline.

Business management is a subject offered in the WAEC exams that covers essential concepts, principles, and practices for managing a business across various contexts. It equips students with skills and knowledge for further studies and careers in business.

This blog post outlines WAEC Areas of Concentration for Business Management 2025/2026 exams and provides study tips.

The examination consists of two papers: Paper 1 includes fifty compulsory multiple-choice questions worth 30 marks, lasting 1 hour. Paper 2 comprises a mandatory case study question (200-250 words, 25 marks) and seven additional essay questions, from which candidates must choose three, with each carrying 15 marks, totaling 70 marks.

WAEC Areas of Concentration for Business Management 2025/2026

1. Nature of Management
   • Meaning and Process of Management
   • Management vs. Administration
   • Functions of Management
   • Levels of Management
   • Types and Roles of Managers
   • Business Organization Forms
2. Business and Society
   • Business Environment
   • Ethical Responsibilities
   • Stakeholder Responsibilities
3. Functions of Management
   • Planning and Decision Making
   • Organizing
   • Directing
   • Controlling
4. Management Information Technology
   • ICT in Business
   • Data and Information
5. Legal Environment of Business
   • Law of Contract
   • Agency Principles
   • Negotiable Instruments
6. Finance and Financial Institutions
   • Money and Inflation
   • Banking Types and Functions
   • Risk Management and Insurance
   • Stock Exchange
7. Role of Government in the Economy
   • Government Revenue and Taxation
   • Government Expenditure
8. International Trade
   • Trade Types and Documents
   • International Trade Theories
   • Challenges for Developing Economies
9. Globalization and Economic Integration
   • Globalization Concepts
   • Economic Integration Bodies
10. Functional Management
    • Human Resource Management
    • Production Management
    • Marketing Principles
11. Entrepreneurship and Small Business
    • Definition and Role of Entrepreneurs
    • Business Planning and Success Factors
    • Challenges and Government Support for Small Businesses

Conclusion

Studying for the WAEC Business Management exam in 2025/2026 can be daunting due to the extensive material. To enhance your preparation, start studying at least three months in advance, using the WAEC syllabus as your primary guide. Focus on reliable textbooks and online resources, such as Business Management for Senior Secondary Schools by A. A. Fajana and websites like waecsyllabus.com.

Practice past questions and mock exams to test your knowledge and become familiar with the exam format. Regularly review and revise your notes using techniques like flashcards and summaries to reinforce learning, especially in areas where you feel less confident. Implementing these strategies can lead to more effective and efficient exam preparation.

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