O Level Commerce Notes Archives - Free ZIMSEC & Cambridge Revision Notes

Quotation, Price list and Catalouges

By garikaib|2022-09-15T12:43:57+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

An example of a catalogue. Image credit graphicriver.net ZIMSEC O Level Commerce Notes: Quotation, price list and catalogue

Quotation

Is sent in reply to a letter of inquiry.
It is sent by a seller to a buyer
It is also send to a potential buyer […]

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Financial Insitutions

By garikaib|2022-09-15T12:43:42+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

BancABC bank. Image credit thestandard.co.zw ZIMSEC O Level Commerce : Financial Institutions Click on any institution to read more about it. Click on an institution to read more about it.

Financial institutions

These are entities that provide financial services to people and other businesses.

Types of Financial […]

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Cheque crossings

By garikaib|2022-09-15T12:43:34+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A crossed cheque. Image credit freechequewriter.com ZIMSEC O Level Commerce Notes: Money and Banking: Cheque crossings

Crossed cheques

A cheque may have a general or special crossing on its face.

General crossing

general_crossings

The cheque has two parallel lines across its face.
It […]

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Trade and Cash discounts

By garikaib|2022-09-15T12:43:26+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit seawaytrail.com ZIMSEC O Level Commerce Notes: Retail Trade: Trade and Cash discounts

Trade discount

a gross deduction from the gross invoice or catalog price
given by one trader to another
varies with the quantity and type of goods purchased and is deducted at the point of sale
usually the rate […]

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Introduction, Purpose and importance of Advertising

By garikaib|2022-09-15T12:43:20+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet Advert. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Advertising: Introduction, Purpose and importance of Advertising

Advertising

It is the act or practice of calling public attention to one’s product, service, need, etc.,

Purpose/Importance of advertising to consumers

It informs consumers about the following:
The prices of various goods […]

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Disadvantages of Advertising

By garikaib|2022-09-15T12:43:13+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cadbury Advertisement. Image credit jtresca.com ZIMSEC O Level Commerce Notes: Advertising: Disadvantages of Advertising

The disadvantages of advertising to consumers.

It leads to overspending
It leads to impulse buying
It leads to higher prices if advertising campaign is unsuccessful.
Advertised goods may be harmful.
Some advertisements may be false, […]

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Roll on Roll off (RoRo) Ships

By garikaib|2022-09-15T12:43:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A RoRo ship loading. Image credit venice.it ZIMSEC O Level Commerce Notes: Transport: Roll on Roll off (RoRo) Ships

Roll on Roll off (Ro-Ro) ships

These are specialised types of vessels.
They allow lorries or vehicles loaded with their own cargo to:
to be driven onto the ship (roll […]

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Fax (Facsimile)

By garikaib|2022-09-15T12:42:55+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Fax Machine. Image credit cultarmix.com ZIMSEC O Level Commerce Notes: Communication: Fax (Facsimile)

Facsimile (Fax)

The machine consists of a photocopier and a telephone circuit.
Fast way of sending and receiving information.
Used when speed is required.
Produces information as it is (exact copies/replicas of the send documents are received)
Ideal for […]

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Property Insurance

By garikaib|2022-09-15T12:42:46+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kevinandamanda.com ZIMSEC O Level Commerce Notes: Insurance: Property Insurance

Property insurance

Household insurance

Is taken by individuals.
It covers household movable items such as furniture, Tvs and jewellery.
Covers against losses due to theft and fire.
Compensation is based on the value of items at the time the risk occurs i.e. after […]

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