February 2025

Advantages and Disadvantages of Secondary Research

By |2025-02-12T09:40:06+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Advantages and Disadvantages of Secondary Research

  • There are several disadvantages to secondary research otherwise known as desk research

Advantages of secondary market research

  • It is inexpensive/cheap when compared with primary market research
  • It avoids duplication of effort
  • Information and data is readily available
  • Allows the business to quickly and cheaply analyse and compare […]
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Cost Based Pricing

By |2025-02-12T09:14:57+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Cost Based Pricing

  • Refers to a variety of pricing strategies which involve the addition of a profit element on top of the costs of production
  • The aim is to make sure that costs incurred in production of each unit are covered by the selling price of that unit
  • Popular cost based pricing […]
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Research and Development

By |2025-02-12T09:34:02+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Production: Quality and its importance

  • Also known as R & D
  • It refers to work directed towards the innovation, introduction, and improvement of products and processes
  • It involves:
    1. Developing completely new products
    2. Creating imitation products that can compete with a rival’s products
    3. Creating prototypes and models based on marketing research data
    4. Improving existing […]
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Business Studies: Break even analysis the graphical method example

By |2025-02-12T09:19:21+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Break even analysis the graphical method example

  • As has been pointed out there are two approaches to break even analysis
  • In this post we will look at the graphical method
  • To help make matters clear we will make extensive use of an example below

Shona runs a take-away pizza […]

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Planned Economy

By |2025-02-12T09:12:50+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Command Economy/ Planned Economy

Characteristics/Features

  • The government owns and manages all the resources.
  • The government determines what to produce, how much to produce and for whom to produce
  • The main motive is to provide goods and services rather than profit
  • The government sets the prices
  • Examples include Cuba, China and North Korea

Advantages

  • Prices are […]
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Advantages and Disadvantages of a Public Limited Company

By |2025-02-12T09:06:35+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Econet is an example of a PLC. Image credit techzim.co.zw Econet is an example of a PLC. Image credit techzim.co.zw ZIMSEC O Level Business Studies Notes: Advantages and Disadvantages of a Public Limited Company

  • Public Limited Companies have several advantages and disadvantages

Advantages

  • Can raise more capital when compared to private […]
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How managers can use Maslow’s theory of motivation

By |2025-02-12T09:17:09+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

A shop floor worker. Image credit footprint2africa.com A shop floor worker. Image credit footprint2africa.com ZIMSEC O Level Business Studies Notes: How managers can use Maslow’s theory of motivation

  • Maslow’s motivation theory can be used to motivate workers in a number of ways
  • Managers should first identify the unfulfilled needs of […]
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Non Financial Methods of Motivation

By |2025-02-12T09:36:09+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Non-financial motivators. Image credit icsingenierie.com Non-financial motivators. Image credit icsingenierie.com ZIMSEC O Level Business Studies Notes: Non Financial Methods of Motivation

  • These can be contrasted with financial methods of motivation
  • Non financial motivation methods are those that do not involve the flow of monetary benefits to the employee/worker
  • These include:

    • […]

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Importance, Advantages and Disadvantages of informal groups

By |2025-02-12T09:11:17+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Informal groups meet social needs of members. Image credit psypost.org

ZIMSEC O Level Business Studies Notes: Importance, Advantages and Disadvantages of informal groups

Advantages /Importance of informal groups

  • They satisfy the social needs of their members
  • The group members can help each other […]
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Communication in Business: Circulars

By |2025-02-12T08:57:04+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Image credit shareyouressays.com

ZIMSEC O Level Business Studies Notes: Leadership: Communication in Business: Circulars

  • Are also known as circular letters
  • It is a written document that is addressed for circulation to a group of people
  • It is usually formal and official
  • They are also known as fliers
  • Many companies use circulars […]
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