January 2023

Specialisation

By |2022-09-15T12:43:52+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit fransgaard.com Image credit fransgaard.com ZIMSEC O Level Commerce Notes: Specialisation

Specialisation is a result of division of labour that results in a worker honing their particular skills to become experts.

Benefits of specialisation of labour

  • workers and firms become experts in a particular job
  • training institutions have found it easy to set […]
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Night Safe Facilities and Safe Deposit boxes

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

Safe Deposit Boxes. Image credit expresspage.net Safe Deposit Boxes. Image credit expresspage.net ZIMSEC O Level Commerce Notes: Money and Banking: Night Safe Facilities and Safe Deposit boxes

Night safe- facility

  • Safe guards money for traders who do their business during the night.
  • They lock their money in bags or wallets.
  • The bags are slotted […]
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Advantages and disadvantages of small scale retailers

By |2022-09-15T12:43:31+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Small scale traders at Mbare Musika. Image credit skyscapercity.com Small scale traders at Mbare Musika. Image credit skyscapercity.com ZIMSEC O Level Commerce Notes: Retail Trade: Advantages and Disadvantages of small scale retailers

Advantages of small scale retailers to Consumers

  •  open for long hours or even during holidays
  • sell a variety of goods
  • cater for individual tastes
  • sell […]
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Send a basket

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

Ecoshopper. Image credit techzim.co.zw Ecoshopper. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Send a Basket.

Send a basket

  • the service is offered by cash and carry wholesalers with many branches throughout the country
  • used when a sender wants to purchase for someone located in in another area
  • the service is provided […]
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Radio Media

By |2022-09-15T12:43:17+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

 

Radio. Image credit sony.com Radio. Image credit sony.com ZIMSEC O Level Commerce Notes: Advertising: Radio

Radio

  • Provides sound
  • Has a personal impact on people’s emotions
  • Has a wide (usually national) coverage.
  • Advertisements can be repeated and timed.
  • The producer can target specific audiences for example certain advertisements can be flighted during certain programs that can appeal […]
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Advantages and Disadvantages of a trader owning their fleet of vehicles

By |2022-09-15T12:43:10+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A fleet of bakery trucks owned by Innscor Africa. Image credit innscorafrica.com A fleet of bakery trucks owned by Innscor Africa. Image credit innscorafrica.com ZIMSEC O Level Commerce Notes: Transport: Advantages and Disadvantages of a trader owning their fleet of vehicles

Advantages to a trader of operating own fleet of vehicles.

  • Goods […]
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Business Reply services and Post Restante

By |2022-09-15T12:43:01+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Business Reply service. Image credit easyenvelopes.com Business Reply service. Image credit easyenvelopes.com ZIMSEC O Level Commerce Notes: Communication: Business Reply services and Post Restante

Business reply service.

  • The service is used in market research:
  • to encourage responses.
  • The respondent does not pay postage or the postage is already prepaid by sender.
  • The sender first obtains […]
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Functions of Wholesale trade: To the retailers and consumers

By |2022-09-15T12:42:42+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit enforcecoveragegroup.com Wholesale shop. Image credit enforcecoveragegroup.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Functions of Wholesale trade:To the retailers and consumers

To the retailer

  • The wholesaler:
  • Buys in bulk from several manufacturers and producers.
  • Breaks bulk for retailers i.e. sells goods to retailers in smaller quantities.
  • Provides retailers with a wider […]
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Bonded warehouses and International Trade

By |2022-09-15T12:42:35+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMSEC O Level Commerce Notes: Bonded warehouses and International Trade

Why customs authorities control bonded warehouses

  • Bonded warehouses are used to store […]
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