O Level Business Studies Notes Archives - Page 2 of 18 - Free ZIMSEC & Cambridge Revision Notes

Fixed costs, variable costs, direct costs and indirect cost
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Fixed costs, variable costs, direct costs and indirect cost

Notes, O Level Business Studies Notes, Ordinary Level Notes

Fixed costs, variable costs, direct costs and indirect cost

By garikaib|2025-02-12T09:16:19+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Fixed costs, variable costs, direct costs and indirect cost

Cost accounting is the accounting function concerned with calculating costs
Cost is an amount that has to be paid or given up in order to get something
In business costs are expressed in monetary terms
In this discussion costs include:

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The Economic Problem

By garikaib|2025-02-12T09:11:29+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

The economic problem. Image credit wordpress.com ZIMSEC O Level Business Studies: The Economic Problem.

The Economic Problem

Arises because resources (factors of production) are limited and scarce
whilst human needs and wants are unlimited.
This leads to the three questions:
What to produce? […]

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The Advantages and Disadvantages of a Private Limited Company

By garikaib|2025-02-12T09:04:26+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Lamasat is an example of a Private Limited Company. ZIMSEC O Level Business Studies Notes: The Advantages and Disadvantages of a Private Limited Company

A Private Limited Company has several advantages and disadvantages:

Advantages

The shareholders have limited liability.
There […]

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Factors to consider when offering capital

By garikaib|2025-02-12T09:30:41+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Lenders of capital have a lot of factors to consider. Image credit earlyretirement.com ZIMSEC O Level Business Studies Notes: Factors to consider when offering capital

Financial institutions such as banks and micro lenders consider a lot of factors […]

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Non Financial Motivation: Job enlargement

By garikaib|2025-02-12T09:34:38+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Job enlargement can be used to motivate workers. Image credit framepool.com ZIMSEC O Level Business Studies Notes: Non Financial Motivation: Job enlargement

A job design technique in which the number of tasks associated with a job is increased
and the […]

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Leadership: Introduction

By garikaib|2025-02-12T09:10:02+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Barack Obama

ZIMSEC O Level Business Studies Notes: Leadership: Introduction

Leadership is the art or process of influencing others so that they perform tasks that have been assigned to them in an efficient and effective manner
The others may be followers, employees or subordinates
The followers/subordinates/employees have to perform these […]

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Communication in Business: Notice Boards

By garikaib|2025-02-12T09:39:48+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Notice Board. Image credit blogspot.google.com

ZIMSEC O Level Business Studies Notes: Leadership: Communication in Business: Notice Boards

Is a surface intended for the posting of public messages
For example upcoming meetings, events, provide information, announce a sale etc
They are also known as bulletin boards, notice boards or pin boards or simply […]

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Human Resources Planning
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Human Resources Planning

Notes, O Level Business Studies Notes, Ordinary Level Notes

Human Resources Planning

By garikaib|2025-02-12T09:16:48+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: Human Resources Planning

Human resources planning-involves strategies relating to the acquiring/hiring, retention, utilization, improvement and retrenchment of employees within the organisation.
The process involves planning and anticipating the organisation’s human resources needs
For example on a farm there might be need for temporary/seasonal workers during harvest and […]

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Advantages and Disadvantages of Primary Research
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Advantages and Disadvantages of Primary Research

Notes, O Level Business Studies Notes, Ordinary Level Notes

Advantages and Disadvantages of Primary Research

By garikaib|2025-02-12T09:39:06+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Advantages and Disadvantages of Primary Research

Primary research has a number of advantages and disadvantages

Advantages of Primary Research

It is up to date
Produces high quality which the business can control and
It provides relevant information to the issue being researched at that particular moment
The business can control coverage of research

[…]

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Marketing: Introduction to Elasticity of Demand
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Marketing: Introduction to Elasticity of Demand

Notes, O Level Business Studies Notes, Ordinary Level Notes

Marketing: Introduction to Elasticity of Demand

By garikaib|2025-02-12T09:13:44+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Introduction to Elasticity of Demand

Elasticity of demand to which demand for a good or service varies with its price
It is a measure of how sensitive or how responsive is demand to changes in the price of a product
An elastic product is a product whose demand is sensitive or responsive to […]

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February 2025

Advantages

Advantages of Primary Research