February 2025

Product: Introduction

By |2025-02-12T08:57:07+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Product

  • A product is either a good or a service
  • They are the means by which businesses meet the needs and wants of the customers
  • Thus a product can be a good, idea, method, information, object or service created as a result of a process and serves a need or satisfies a want

    • […]

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Competitor oriented pricing

By |2025-02-12T09:17:56+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Competitor oriented pricing

  • This is when a firm sets the prices of its products in relation to those of competitors
  • Instead of charging prices based on costs or customer perceptions prices are based on what the competitors are charging
  • This typically involves charging prices that are in line with those of competitors
  • The […]
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The role and importance of the accounting function

By |2025-02-12T09:40:19+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The role and importance of the accounting function

  • Accounting is the organisational function that is primarily concerned with:
    1. devising methods for recording transactions, and actually recording those transactions
    2. keeping financial records,
    3. performing internal audits,
    4. reporting and analyzing financial information to the management,
    5. and advising on taxation matters
  • It is […]
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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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