January 2023

Factors to consider when choosing a distribution channel

By |2022-09-15T12:33:51+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Factors to consider when choosing a distribution channel

  • As pointed out elsewhere business have to choose from a number of distribution channels
  • In instance the business has to consider several factors when deciding on the most appropriate channel to use
  • These factors include:

The nature of the product

  • for example industrial products are […]
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Business Studies: Ratio Analysis: Introduction

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: Ratio Analysis: Introduction

  • Businesses record financial transactions as part of the finance and accounting function
  • This financial information is presented in the form of financial statements also known as final accounts at the end of each year/trading period
  • This information is used by various stakeholders of the business to make […]
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Business Studies: Aiding and protecting the employee

By |2022-09-15T12:33:39+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the business:Aiding and protecting the employee

  • Employees are quite vulnerable in a number of ways
  • This is especially true during times when unemployment is high as is the case in Zimbabwe
  • High unemployment erodes the bargaining power of employees leaving them at the mercy of employers
  • There are therefore laws […]
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Franchise Business

By |2022-09-15T12:40:53+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Franchise Business

Characteristics/Features

  • Franchise occurs when the owner of a business (the franchisor) grants a licence to another person or business (the franchisee) to use their business idea – often in a specific geographical area.
  • The franchisee sells the franchisor’s product or services, trades under the franchisor’s trade mark or trade name and benefits […]
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Piece Rate

By |2022-09-15T12:37:39+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Piece Rate

  • This when a payment is made to a worker for each unit that the worker has produced
  • Workers wages depend on the quantity they have produced
  • It does not consider the time spent by workers in producing each unit
  • Piece rate system is the method of remunerating the workers according to […]
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Tall and Flat organisational structures

By |2022-09-15T12:37:30+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Tall vs Flat Organisational structures. Image credit Huffingtonpost.com Tall vs Flat Organisational structures. Image credit Huffingtonpost.com

ZIMSEC O Level Business Studies Notes: Tall and Flat organisational structures

  • Organisational structures can also, among other terms and ways, be described as either tall or flat
  • This is done by looking at the layers […]
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Visual Communication

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

Visual Communication Image credit dmcmedicalgroup.com

ZIMSEC O Level Business Studies Notes: Visual Communication

  • is the expression of information and ideas using visual aids or aids
  • it includes body language and gestures
  • it may also include the use of  photographs, charts, graphs, and diagrams to enforce or demonstrate ideas or data.
  • The use […]
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Trade Unions and Businesses: Introduction

By |2022-09-15T12:34:10+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Trade Unions and Businesses: Introduction

  • these are organisations of employees who have come together for a common purpose
  • trade unions are formed by employees with a shared interest
  • The main function of trade unions is collective bargaining on behalf of employees
  • Collective bargaining refers to the process of negotiation between employers(management)
  • and […]
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On the job training methods

By |2022-09-15T12:34:03+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: On the job training methods

  • this is when instruction and training is provided during the work itself
  • There are a number of on the job training methods:
  • Demonstration-a practical exhibition and explanation of how something works or is performed
  • Coaching-involves focusing on the individual trainee’s needs, observing […]
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