February 2025

AS A Level: The Concept Of Adding Value

By |2025-02-12T08:58:25+02:00February 12th, 2025|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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AS A Level Business: Franchise Business

By |2025-02-12T09:03:17+02:00February 12th, 2025|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: Types of businesses: Franchise Businesses

Characteristics/Features

  • A franchise is when […]
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AS A Level: Free Market Economy

By |2025-02-12T09:00:56+02:00February 12th, 2025|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 Business: Multi-National Companies

By |2025-02-12T09:05:19+02:00February 12th, 2025|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: Types of businesses: Multinational Companies

  • At the most basic level, most businesses either take the form
    • Sole trader businessesPartnershipsLimited liability companies
  • However, beyond this businesses can also take other traits as they operate
  • One of these traits is that they can […]
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AS A Level Business: Benefits And Drawbacks Of A Free Market Economy

By |2025-02-12T09:01:09+02:00February 12th, 2025|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 Business: Features Of A Successful Business

By |2025-02-12T09:08:42+02:00February 12th, 2025|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: Enterpreneurship: Features of successful businesses

  • As has already been mentioned in our introduction to business
  • Businesses are formed by entrepreneurs who take the risk of combining the factors of production usually in the hope that they will make […]
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AS A Level Business: Planned Economy

By |2025-02-12T09:08:23+02:00February 12th, 2025|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: Industrialisation

By |2025-02-12T09:10:21+02:00February 12th, 2025|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: Industrialisation

  • It is often taken for granted in developing economies like Zimbabwe that one of the macroeconomic goals the government has to pursue is industrialisation
  • Industrialisation is a term that is used to explain the increasing importance of the […]
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AS A Level Business: Benefits And Drawbacks Of A Planned Economy

By |2025-02-12T09:09:07+02:00February 12th, 2025|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

  • We looked at the features of planned economies here
  • We will now examine the advantages and disadvantages of such an economic system
  • It is important to note that for the most part:
  • The advantages of command economies are usually the […]
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AS A Level Business: Levels Of Business Activity

By |2025-02-12T09:11:49+02:00February 12th, 2025|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: Levels of Economic Activity

  • Just as the economy can be divided into three sectors (primary, secondary and tertiary)
  • So can business activity/operations be divided into three levels of activity namely:
    • Primary
    • Secondary
    • Tertiary
  • These are also known as the three levels of economic […]
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