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

May 2019

Commerce: Advantages And Disadvantages Of Being An Entrepreneur
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Commerce: Advantages And Disadvantages Of Being An Entrepreneur

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Advantages And Disadvantages Of Being An Entrepreneur

By garikaib|2019-05-16T06:20:48+02:00May 16th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advantages And Disadvantages Of Being An Entrepreneur

We have looked at what an entrepreneur is here
Now we will look at the advantages and disadvantages of being an entrepreneur
Running your own business obviously has its own advantages

Advantages of being an entrepreneur

If you are an entrepreneur you become your own […]
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Commerce: The Business Environment: Introduction
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Commerce: The Business Environment: Introduction

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The Business Environment: Introduction

By garikaib|2019-05-10T12:14:30+02:00May 10th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Business Environment

It is a common cause that businesses do not operate in a vacuum
There are a number of factors that affect the way a business operates
These factors can be external to the business i.e. outside the business itself
They can, however, be internal i.e. factors that are to […]
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Commerce: The External Business Environment
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Commerce: The External Business Environment

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The External Business Environment

By garikaib|2019-05-10T11:56:07+02:00May 10th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The External Business Environment

In addition to internal factors that affect the operations of a business
There are external factors which also exert their influence
These external factors together constitute the external business environment
The external environment is sometimes known as PESTEL
This stands for the various components that make up a […]
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Commerce: The Internal Business Environment
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Commerce: The Internal Business Environment

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The Internal Business Environment

By garikaib|2019-05-10T11:54:32+02:00May 10th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Internal Business Environment

As already mentioned elsewhere businesses do not operate in a vacuum
The operations of a business are affected by factors internal and external to it
Here we will look at the internal business environment

The internal business environment

A business’s internal environment is made up of people known as […]
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Commerce: Benefits of Beneficiation And Value Addition
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Commerce: Benefits of Beneficiation And Value Addition

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Benefits of Beneficiation And Value Addition

By garikaib|2019-05-10T09:04:21+02:00May 10th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Benefits of Beneficiation And Value Addition

The meaning and nature of beneficiation and value addition can be found here
Value addition refers to the enhancement of a product’s value usually through the manufacturing process
Beneficiation refers to value addition in the mining sector
There are benefits to carrying out beneficiation and […]
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Commerce: Beneficiation And Value Addition/ Added Value
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Commerce: Beneficiation And Value Addition/ Added Value

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Beneficiation And Value Addition/ Added Value

By garikaib|2019-05-10T09:04:01+02:00May 10th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Beneficiation And Value Addition/ Added Value

One of the reasons why developing countries lag behind developed countries is due to the imbalance of trade
Developing countries export mainly raw unprocessed materials which have a low price per unit
On the other hand developed countries export back high value processed materials
This means […]
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Commerce: Management Functions: Leading/Commanding
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Commerce: Management Functions: Leading/Commanding

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Leading/Commanding

By garikaib|2019-05-07T08:55:58+02:00May 7th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:Management Functions: Leading/Commanding

As already said in the introduction to management
Management is defined in simple terms as the art of doing work through others
It involves five functions namely:
- Planning
- Organising
- Leading/Commanding
- Coordinating
- Controlling
These are often called the five functions of management
In this section, we will talk about leading/commanding

[…]

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Commerce: Management Functions: Controlling
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Commerce: Management Functions: Controlling

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Controlling

By garikaib|2019-05-07T08:39:10+02:00May 7th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Controlling

In our introduction to management, we defined what management is
In simple terms, management is the art of doing work through others
However, management can also be defined in terms of its functions
These functions are the duties that a typical manager is expected to perform regardless of their […]
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Commerce: Management Functions: Coordinating
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Commerce: Management Functions: Coordinating

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Coordinating

By garikaib|2019-05-07T08:18:05+02:00May 7th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Coordinating

In our introduction to management, we defined what management is
In general terms, management is the work of doing work through others
We also mentioned the fact that management can be defined in terms of its functions/duties that a manager is expected to carry out
In that regard […]
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Commerce: Management Functions: Organising
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Commerce: Management Functions: Organising

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Organising

By garikaib|2019-05-07T08:01:37+02:00May 7th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Organising

During the introduction, we examined what management is
We said management is the art of doing work through others
Also, it was mentioned that management can be defined in terms of its functions/duties that every manager is expected to perform
These functions include planning, organising, coordinating, leading and […]
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