January 2023

Reasons why the government regulates Business activity

By |2022-09-15T12:40:42+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes:Reasons why the government regulates Business activity

Forms of government

  • There two major forms of government in Zimbabwe:
    1. The local governments in the form of councils either urban or rural
    2. The main national government
  • There are other laws which apply by virtue of treaties, SADC regulations, the African Union and United Nations

Reasons why governments intervene […]

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Frederick Herzberg’s Two factor theory

By |2022-09-15T12:37:42+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Engineer at work. Image credit ibtimes.com Engineer at work. Image credit ibtimes.com ZIMSEC O Level Business Studies Notes: How managers can use Maslow’s theory of motivation

  • Herzberg used questionnaires and interviews to ask professionals about factors that influence employee performance in the workplace
  • His conclusion was that employee performance is affected […]
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Introduction to organisational structures

By |2022-09-15T12:37:33+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Workers in a small business startup. Image credit businessinsider.com Workers in a small business startup. Image credit businessinsider.com

ZIMSEC O Level Business Studies Notes: Introduction to organisational structures

  • All businesses, no matter how small or big, are organisations
  • An organisation is a group of people brought together to fulfil a particular […]
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Autocratic Leadership style

By |2022-09-15T12:37:26+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Uniformed services usually use an autocratic leadership style

ZIMSEC O Level Business Studies Notes: Autocratic Leadership style

  • Under this style of leadership there is an autocratic leader
  • The leader is an authoritarian i.e requires and expects strict obedience and authority
  • The leader is a dictator
  • The leader assumes all the […]
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Communication in Business: Phones

By |2022-09-15T12:35:30+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes:Managing Human Resources: Communication in Business: Phones

  • Phones are one of the most popular means of communication in business
  • To such an extent that virtually every business has a phone
  • The advent of mobile phones means that almost every individual has a phone
  • In Zimbabwe over […]
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Employment contract

By |2022-09-15T12:34:06+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Human Resources Management: Employment contract

  • A contract is a voluntary, deliberate, and legally binding agreement between two or more competent parties
  • An employment contract is such a contract between an employer and employee
  • When there is a successful candidate is selected he or she is offered a contract of employment

    • […]

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Marketing mix

By |2022-09-15T12:33:58+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Marketing mix

  • Refers to a set of marketing tools that the firm uses to pursue its marketing objectives in the target market
  • It is used to describe four variable decisions that a business has to make when it is marketing its products
  • These variables are also known as the four Ps viz:

    • […]

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Customer oriented pricing

By |2022-09-15T12:33:53+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

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

  • This is pricing based on the demand for the product and customer’s perceptions of the product’s value
  • Various techniques are used
  • Perceived value pricing-is where the price is chosen to position the product in the market
  • A price is chosen which is consistent with the image of the product
  • This […]
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Importance of cash flow to the business

By |2022-09-15T12:33:46+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Importance of cash flow to the business

  • It is important for a business to manage its cash flow carefully
  • As pointed out in the introduction there is a difference between cash flow and profitability
  • It is quite possible for a business to be profitable and still have cash flow […]
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