About garikaib

He holds an Honours in Accountancy degree from the University of Zimbabwe. He is passionate about technology and its practical application in today's world.

January 2023

AS A Level Business: Planned Economy

By |2022-09-15T12:29:58+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Planned/Command Economy: Features 

  • A planned economy is also known as a command economy
  • To recap society faces an economic problem of how to allocate its scarce resources
  • It has to answer three basic questions:
    • What to produce
    • How to produce and
    • For […]
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AS A Level Business: Benefits And Drawbacks Of A Free Market Economy

By |2022-09-15T12:29:58+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Free Market Economy: Advantages and disadvantages 

  • Having examined the features of a Free Market Economy
  • We will now examine the advantages and disadvantages of this economic system
  • While it might not be said explicitly these benefits contrast with those of a […]
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AS A Level: Free Market Economy

By |2022-09-15T12:29:59+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Free Market Economy  

  • As has been said because resources are limited while needs and wants are unlimited
  • Society faces an economic problem of how to allocate its scarce resources
  • It has to answer three basic questions:
    • What to produce
    • How to […]
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AS A Level: The Concept Of Adding Value

By |2022-09-15T12:30:00+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: The Concept Of Adding Value  

  • One of the functions of businesses is that they add value to products
  • Added value can be defined as an increase in the value of a resource, product, or service as the result of a particular process

    • […]

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A Level: Factors Of Production: Introduction

By |2022-09-15T12:30:01+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Factors Of Production: Introduction  

  • As already mentioned several times, businesses are a result of entrepreneurs using resources to satisfy needs and wants
  • Resources are also known as factors of production
  • There are four factors of production namely:
    • Land
    • Labour
    • Entrepreneurship
    • Capital

To […]

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AS A Level Business: The Economic Problem

By |2022-09-15T12:30:03+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterprising: The Economic Problem

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The Nature And Purpose Of Economic Activity

By |2022-09-15T12:30:04+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterprising: The Nature And Purpose Of Economic Activity

  • As we live our lives we interact with businesses (enterprises) on a daily basis
  • The shop from which we buy bread and other groceries
  • The vendor who sells us vegetables
  • As is already […]
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Commerce: Importance Of Entrepreneurship Skills To The Economy

By |2022-09-15T12:30:05+02:00January 24th, 2023|Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Importance Of Entrepreneurship Skills To The Economy

  • In order to understand the importance of enterprise skills within the Zimbabwean Economy
  • We first have to understand the important role that enterprises and entrepreneurship have in the economy
  • Successful entrepreneurship can lead to:
    • Economic transformation and development
    • Boost and increase the Gross Domestic Product […]
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Commerce: Advantages And Disadvantages Of Being An Entrepreneur

By |2022-09-15T12:30:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advantages And Disadvantages Of Being An Entrepreneur

  • We have looked at what an entrepreneur is here
  • Now we will look at the advantages and disadvantages of being an entrepreneur
  • Running your own business obviously has its own advantages

Advantages of being an entrepreneur

  • If you are an entrepreneur you become your own […]
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Reasons Why Businesses/Startups Might Fail

By |2022-09-15T12:30:08+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterprising/ Entrepreneurship : Reasons Why Businesses/Startups Might Fail

  • As has been hinted on time and time again not all businesses/startups are successful
  • There is a lot of statistics out there about just how many businesses fail int heir first year
  • Some […]
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