February 2025

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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The selection process

By |2025-02-12T09:21:28+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: The selection process

  • When the proper candidates have been recruited
  • The following step is to select the most appropriate candidate(s) from the available pool
  • Selection is the process of screening candidates using a variety of criteria so as to identify and […]
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Market segmentation

By |2025-02-12T09:41:28+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Market segmentation

  • this is the process of dividing/dis-aggregating the market into discrete/distinct groups(segments) of customers based on a variety of criteria
  • Here the word market refers to the total sum of all of a firm’s customers/consumers
  • The words customer and consumer after often used interchangeably in business
  • Consumer- is the end user […]
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Advantages and disadvantages of cost based pricing methods

By |2025-02-12T09:15:27+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Advantages and disadvantages of cost based pricing methods

  • Cost based pricing models have some benefits and drawbacks

Advantages

  • It is easy to understand and calculate the price
  • These pricing models make sure that incurred costs are covered
  • They can be helpful and do simplify investment appraisal decisions for example using required rate of […]
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Cash flow introduction

By |2025-02-12T09:36:29+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Cash Flow Introduction

  • Cash flow is defined as the movement of cash into and out of the business
  • Cash flowing into the business is called cash inflow
  • Conversely cash flowing out is called cash out flow
  • In accounting terms cash flow is viewed as the difference between the amount […]
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