January 2023

Supply and Demand (Market Forces)

By |2022-09-15T12:33:47+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Production: Supply and Demand (Market Forces)

  • In a free market economy the forces of supply and demand determine the price at which a product is sold
  • These two forces: supply and demand are also known as market forces
  • They are used to determine the price at which customers are willing to purchase […]
Read More
Comments Off on Supply and Demand (Market Forces)

Business Studies: Profitability Ratios

By |2022-09-15T12:33:44+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:Profitability Ratios

  • These measures indicate how well a business is performing in terms of its ability to generate profit
  • The ratios relate profits to sales and assets
  • There are three commonly used ratios:
  • Return on Capital Employed (ROCE)
  • Profit Margin and
  • Profit Markup

Return on Capital Employed

  • Is normally […]
Read More
Comments Off on Business Studies: Profitability Ratios

Business Studies: Cost Benefit Analysis

By |2022-09-15T12:33:38+02:00January 24th, 2023|Notes, O Level Business Studies Notes|

ZIMSEC O Level Business Studies Notes: Aiding and Influencing the Business: Cost Benefit Analysis

  • The major objectives of businesses is to provide services profitably and to survive
  • Traditionally profit has been the overriding goal of the owners of the business
  • But often the activities of businesses have an impact on the environment
  • Environment refers to the natural world around […]
Read More
Comments Off on Business Studies: Cost Benefit Analysis

Partnership Business

By |2022-09-15T12:40:52+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes, Principles of Accounts Notes|

Deloitte and Touche are examples of a Partnership Business.

Deloitte and Touche are examples of a Partnership Business.ZIMSEC O Level Business Studies Notes: Partnership Business

Characteristics/Features

  • A partnership is an unincorporated association of two or more individuals to carry on a business for profit. General partnerships are usually made up of 2-20 partners. Special […]
Read More
Comments Off on Partnership Business

Performance Related Pay

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

Performance related pay can improve performance. Image credit loophaiti.com Performance related pay can improve performance. Image credit loophaiti.com ZIMSEC O Level Business Studies Notes: Performance Related Pay

  • A financial reward system for employees where some or all
  • of their monetary compensation is related to how their performance
  • This performance is based […]
Read More
Comments Off on Performance Related Pay

Job description

By |2022-09-15T12:37:29+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Job description. Image credit atlantablackstar.com Job description. Image credit atlantablackstar.com

ZIMSEC O Level Business Studies Notes: Job description

  • it is a formal account of an employee’s responsibilities
  • is a formal summary of the duties of a position
  • it states the essential responsibilities of the job
  • It often comes in the form of a […]
Read More
Comments Off on Job description

Upward, Downward, Horizontal Communication

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

Horizontal communication is between peers. Image credit life.wevorce.com

ZIMSEC O Level Business Studies Notes: Leadership: Upward, Downward, Horizontal Communication

  • When it comes to direction communication can be classified as horizontal, downward or upward
  • Downward communication follows the chain of command from the topmost levels to the subordinates
  • This can be used […]
Read More
Comments Off on Upward, Downward, Horizontal Communication

Types of Trade Unions

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

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Types of Trade Unions

  • Trade Unions can be categorized into different groups
  • Below is a list of various trade unions and their descriptions:

Craft Unions

  • Union representing workers who share the same skill-set or who perform identical tasks,
  • these workers might be working in different industries; for example, electricians and plumbers.

    • […]

Read More
Comments Off on Types of Trade Unions

Off the job training

By |2022-09-15T12:34:02+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: Training: Off the job training

  • This is when instruction and training are provided away or outside the work environment
  • There are a number of off the job training methods including:
  • Lessons and lectures-this is the traditional method of training that takes place in Universities, Colleges and schools
  • Case […]
Read More
Comments Off on Off the job training
Toggle Sliding Bar Area
Go to Top