January 2023

Levels of Business Activity

By |2022-09-15T12:40:54+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: The Three Sectors of the Economy

  • There are three levels of economic activity:
  • Primary Level
  • Secondary Level
  • Tertiary Level

 Primary

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  • All those businesses which are related to extraction of raw material from the earth such […]
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F W Taylor’s Theory of Scientific Management

By |2022-09-15T12:37:41+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

A factory worker. Image credit thejournal.co.uk A factory worker. Image credit thejournal.co.uk  ZIMSEC O Level Business Studies Notes: F W Taylor’s Theory of Scientific Management

  • Taylor lived in an era when management was an ad hoc practice rather than a true and trained discipline
  • He was mainly concerned with increasing the […]
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Chain of Command,Line vs Staff Authority

By |2022-09-15T12:37:31+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Staff and Line Staff. Image credit usine-digitale.fr Staff and Line Staff. Image credit usine-digitale.fr

ZIMSEC O Level Business Studies Notes: Chain of Command,Line vs Staff Authority

  • Chain of command-refers to the hierarchy of authority by which order, directions and communications are passed down from the top to the bottom
  • It is […]
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The communication process

By |2022-09-15T12:37:23+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Leadership: The communication process

  • Communication is the exchange of information, ideas, opinions and feelings
  • The process of communication and it’s stages can be shown on a diagram known as the communication model

The Communication Model

  • The communication process involves encoding of information by the […]
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Barriers to effective communication

By |2022-09-15T12:34:11+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Emotional barrier. Image credit moneycrashers.com

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Communication in Business: Barriers to effective communication

  • A communication barrier is an obstacle that prevents the flow of communication within the organisation
  • Communication barriers lead to communication failure
  • Barriers can be found at each level during the communication process
  • That is they can be found during […]
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Problems of high labour turnover

By |2022-09-15T12:34:04+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:Problems of high labour turnover

  • Labour turnover is essential for the health of the organisation:
    1. It prevents stagnation in the workplace through the infusion of new blood and ideas
    2. It allows the organisation to adapt to changing demands
    3. It allows the organisation to replace ageing workforce

Problems of high […]

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Marketing: Branding

By |2022-09-15T12:33:57+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Branding

  • A brand is a unique name, term, symbol or design which is intended to signify the goods and services of one seller or group of sellers and to differentiate them from competitors’
  • The main purpose of a brand is to give identity and differentiate products for example Colgate and Aquafresh are […]
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Place: Introduction

By |2022-09-15T12:33:52+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Place

  • When used in the context of the marketing mix place refers to how and where the product is sold to the consumer
  • During the process of determining place the business has to decide:
    1. How the product reaches the consumer i.e. the channel of distribution
    2. The actual geographical location where the product […]
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Business Studies: The balance sheet

By |2022-09-15T12:33:45+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The balance sheet

  • The entire financial accounting function rests on the premise that there are two aspects to every transaction
  • A debit and a credit
  • For every transaction a debit and credit is recorded
  • For example in a cash sale the asset of cash increases and is therefore credited […]
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