February 2025

Business Studies: Monetary and Fiscal Policies

By |2025-02-12T09:29:17+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the businesses: Monetary and Fiscal Policies

  • As has already been pointed out in another topic the government has several reasons to want to aid and influence the operations of businesses
  • There are a number of ways in which the local and national governments can do this
  • In this topic […]
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Stakeholders of the Business

By |2025-02-12T09:15:58+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes, Principles of Accounts Notes|

Every business has several stakeholders Every business has several stakeholders. Image credit modernservantleader.com ZIMSEC O Level Business Studies Notes: Stakeholders of the Business

  • Many people are involved in running a business.
  • Some have direct interest while others have indirect interest in the running of the business.
  • These individuals or groups are known as […]
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Multinational Companies/ Trans National Companies

By |2025-02-12T09:09:24+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes, Principles of Accounts Notes|

Cocal Cola is an example of a Multinational Company. Image credit source.co.zw Cocal Cola is an example of a Multinational Company. Image credit source.co.zw ZIMSEC O Level Business Studies Notes: Multinational Companies/ Trans National Companies

  • These are large limited liability companies with branches in other countries and a headquarters in one […]
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Power,Authority, Responsibility and span of control

By |2025-02-12T09:34:24+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Mugabe and military officers. image credit insiderzim.com Mugabe and military officers. image credit insiderzim.com

ZIMSEC O Level Business Studies Notes: Organisational Charts

  • These are concepts that are related with how business organisations operate and are organised
  • Power- is the ability or capacity to influence others
  • For example charismatic leaders like Adolf […]
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Laissez-faire leadership style

By |2025-02-12T09:13:21+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Laissez Faire means to let go. Image credit slate.com

ZIMSEC O Level Business Studies Notes: Laissez-faire leadership style

  • Is also known as the free-reign style
  • It comes from a French phrase which means to let go
  • The free reign leader sets goals for subordinates and
  • sets the parameters within which […]
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The need for/importance of effective communication

By |2025-02-12T09:03:01+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Communication in Business: The need for/importance of effective communication

  • Communication is said to be effective when it is received and understood in the manner in which the sender intended
  • Effective communication is essential to the achievement of the organisation’s goals
  • Without communication it would be hard to define the organisation’s […]
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Labour Turnover

By |2025-02-12T09:25:07+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: Labour Turnover

  • It is a statistical measure of the number of people who leave an organisation’s employ versus the number of people who remain in that organisation’s employment in a given year
  • It is expressed as a ratio:
  • \dfrac{\text{Number of people who left}}{\text{Avergage number of people employed}} […]
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The Product Life Cycle

By |2025-02-12T09:03:46+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: The Product Life Cycle

  • The term product life cycle is used to describe the phases through which a product passes from its introduction to decline
  • It is a basic fact in business that all products introduced go through a number of phases from their introduction to their eventual elimination
  • Generally a product […]
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Price Variations

By |2025-02-12T09:20:15+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Price Variations

  • In addition to employing varies pricing strategies  firms can also make use of price variations
  • This is when prices are adjusted depending on a variety of factors
  • This is usually achieved by using discounts
  • There are therefore a number of discounts
  • Discounts for bulk purchases
  • Discounts for prompt payments
  • Purchases […]
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