February 2025

Building Societies

By |2025-02-12T09:34:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

FBC Building Society. Image credit businessdaily.co.zw FBC Building Society. Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

  • Is a type of a financial institution.
  • A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or […]
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Advantages and Disadvantages of cheques

By |2025-02-12T09:13:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit thevoicesproject.org Image credit thevoicesproject.org ZIMSEC O Level Commerce Notes: Money and Banking: Advantages and Disadvantages of cheques

  • Making payments by cheque has several advantages and disadvantages

Advantages of making payments by cheque

  • It is more convenient than carrying cash around.
  • Payments can be stopped if necessary.
  • Cheques are safer if crossed.
  • One does not […]
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E-commerce

By |2025-02-12T09:30:08+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

E commerce. Image credit techniasia.com E commerce. Image credit techniasia.com ZIMSEC O Level Commerce Notes: Retail Trade: E-commerce

  • It is a system of buying and selling goods and services electronically.
  • The system operates through a computer connected to the internet or a television which has satellite connections. The products sold should […]
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Informative advertising

By |2025-02-12T08:57:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Informative advert. Image credit econet.co.zw Informative advert. Image credit econet.co.zw ZIMSEC Commerce O Level Notes: Advertising: Informative advertising

  • This is a form of advertising that provides precise detail of goods and services.
  • It is especially used when launching new products, changes in prices and to tell where and how to buy the company’s […]
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Code of advertising practice

By |2025-02-12T09:13:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ethics-min Image credit gatech.edu ZIMSEC O Level Commerce Notes: Advertising: Code of advertising practice

Code of advertising practice

Its importance

  • It establishes basic standards of advertising.
  • It ensures that advertisements are:
  • legal i.e. they follow the set advertising laws and metes sets out the punishments for transgressors.
  • Ethical i.e. are they realistic and do they adhere […]
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Email and Internet

By |2025-02-12T09:44:44+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Gmail app. Image credit play.google.com Gmail app. Image credit play.google.com ZIMSEC O Level Commerce Notes: Communication: Email and Internet

Electronic Mail (Email)

  • Is the communication of information:
  • using a computer.
  • Via a telephone circuit.
  • The information is sent from one computer to another.
  • From one computer to several computers at the same time.
  • It uses modems.
  • Each subscriber […]
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Life Assurance

By |2025-02-12T09:09:29+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Life Assurance. Image credit afterjujuman.com Life Assurance. Image credit afterjujuman.com ZIMSEC O Level Commerce Notes: Insurance: Life Insurance

Life assurance

  • Covers against events that will certainly occur e.g. death.
  • The principle of indemnity does not apply.
  • Benefits are paid to spouses and children who are the beneficiaries of the policy.

Whole life policy.

  • One assures his/he […]
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Difficulties faced by importers and exporters

By |2025-02-12T09:22:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

The dreaded Somali Pirates. Image credit slate.com The dreaded Somali Pirates. Image credit slate.com ZIMSEC O Level Commerce Notes: Difficulties faced by importers and exporters

  • Different languages
  • Language is a barrier in international trade because it leads to communication problems.
  • There is a need to translate information or instructions from one language to […]
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