January 2023

Secondary and Primary Research

By |2022-09-15T12:33:59+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Secondary and Primary Research

  • Market research can be grouped into two:
  • Primary and
  • Secondary Research

Secondary Research

  • It involves the further investigation and analysis of data collected for another purpose or/and collected by someone else
  • It is also known as desk research
  • The data already exists at the time the research is conducted

    • […]

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Pricing: Introduction

By |2022-09-15T12:33:54+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Pricing

  • Price is a given value that will purchase a finite amount of a product or right to use that product
  • It is usually the amount of money expected, required, or given in payment for something although it can be in another form other than money
  • The price of a product is usually […]
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Quality and its importance

By |2022-09-15T12:33:48+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Production: Quality and its importance

  • Quality should not be confused with excellence
  • Quality is defined as fitness for a particular purpose
  • This refers to the product’s features and characteristics and their ability to meet consumer needs and wants
  • It is divided into quality of design and quality of conformance
  • The former refers to […]
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Fixed costs, variable costs, direct costs and indirect cost

By |2022-09-15T12:33:42+02:00January 24th, 2023|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 Advantages and Disadvantages of a Private Limited Company

By |2022-09-15T12:40:43+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Lamasat is an example of a Private Limited Company. Image credit topnews.co.zw 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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Leadership: Introduction

By |2022-09-15T12:37:25+02:00January 24th, 2023|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 |2022-09-15T12:37:20+02:00January 24th, 2023|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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