February 2025

Objectives of the business

By |2025-02-12T09:14:45+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Businesses have objectives. Image credit essaywow.com Businesses have objectives. Image credit essaywow.com ZIMSEC O Level Business Studies Notes: Objectives of the business

  • All businesses are formed to fulfill a particular main purpose and accomplish certain objectives.
  • Different businesses have different objectives.
  • Objectives are aims or targets to work towards.
  • While the importance and types […]
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Organisational Charts

By |2025-02-12T09:33:44+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

A simple organisational chart. A simple organisational chart.

ZIMSEC O Level Business Studies Notes: Organisational Charts

  • It is a diagram that shows the organisation structure of a given organisation
  • It is also defined as a pictorial depiction of an organisation’s structure
  • An organisation’s structure is also known as it’s internal structure

    • […]

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Democratic Leadership style

By |2025-02-12T09:12:55+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Democracy means rule by the people. Image credit kalamu.com

ZIMSEC O Level Business Studies Notes: Democratic Leadership style

  • Is also known as participative leadership
  • Under this style the members of the team contribute to the decision making process
  • The leader asks for contribution from team members during the process of […]
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Communication in Business: Teleconferencing/ Video Conferencing

By |2025-02-12T09:09:32+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Video conferencing. Image credit bluejeans.com

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Communication in Business: Teleconferencing/ Video Conferencing

  • A conference is a meeting between two or more people with a shared business interest
  • A video conference is when such a meeting takes place with the aid of computers
  • Two […]
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Induction Training/Orientation

By |2025-02-12T09:24:13+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Human Resources Management: Induction Training/Orientation

  • This is also known as induction training
  • It is a process of introducing a new employee to the organisation and
  • Introducing the organisation to the new employee
  • It is considered a form of training
  • Induction is important as it:
    1. Ensures the employee is integrated as […]
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Product: Introduction

By |2025-02-12T08:57:07+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Product

  • A product is either a good or a service
  • They are the means by which businesses meet the needs and wants of the customers
  • Thus a product can be a good, idea, method, information, object or service created as a result of a process and serves a need or satisfies a want

    • […]

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Competitor oriented pricing

By |2025-02-12T09:17:56+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Competitor oriented pricing

  • This is when a firm sets the prices of its products in relation to those of competitors
  • Instead of charging prices based on costs or customer perceptions prices are based on what the competitors are charging
  • This typically involves charging prices that are in line with those of competitors
  • The […]
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The role and importance of the accounting function

By |2025-02-12T09:40:19+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The role and importance of the accounting function

  • Accounting is the organisational function that is primarily concerned with:
    1. devising methods for recording transactions, and actually recording those transactions
    2. keeping financial records,
    3. performing internal audits,
    4. reporting and analyzing financial information to the management,
    5. and advising on taxation matters
  • It is […]
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