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

Money and Banking: Introduction

By garikaib|2022-09-15T12:43:50+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Barter Trade. Image credit passnow.com ZIMSEC O Level Commerce Notes: Money and Banking: Introduction

As already mentioned the development of specialisation led to the development of trade people sought to satisfy their unmet needs and disposed the excess goods and services they had produced.
This led to […]

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Types of bank accounts

By garikaib|2022-09-15T12:43:37+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Types of bank accounts. Image credit bet.com ZIMSEC O Level Commerce Notes: Money and Banking: Types of Bank Accounts

Savings accounts

Are used to keep the customer’s money safe.
Are suitable for small saves with regular incomes.
Have a low opening and minimum balance usually $0.
Withdrawals are […]

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Multiple shop

By garikaib|2022-09-15T12:43:29+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Bata shop. Image credit Batashop.com.sg ZIMSEC O Level Commerce Notes: Retail Trade: Multiple shop

Multiple shop

located in busy shopping centres
a shop with several branches e.g Edgars
all branches have similar shop fronts and use same name for easy recognition
all branches have similar layouts
sells narrow range of products […]

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Wholesale warehouse

By garikaib|2022-09-15T12:43:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Wholesale warehouse. Image credit flexport.com ZIMSEC O Level Commerce Notes: Warehousing: Wholesale warehouse

Wholesale warehouse

Are used to store a variety of goods from different manufacturers.
Goods are stored in bulk.
Enables goods to be graded and packed.
Can be used to allow goods e.g. wine and other similar beverages […]

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Advertising media: Trade Journals

By garikaib|2022-09-15T12:43:16+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

PC Gamer magazine. Image credit videogamerater.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media: Trade Journals

Trade Journals

Are used to advertise specialised products for example computers, farming equipment etc.
Advertisements are usually in great detail and
may included technical details about the product.
My have colourful pictures for […]

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Modes of Transport: Pipeline

By garikaib|2022-09-15T12:43:08+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Modes of Transport: Pipeline

Pipe line transport

Advantages

Is a direct mode of transport:
Provides a direct delivery i.e. they can reach the consumer directly.
Is ideal for transporting liquids and gasses e.g. LP gas and Petrol.
It […]

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Free posts and Franking machines

By garikaib|2022-09-15T12:42:59+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A franking machine. Image credit ashcroftmailingsolutions.co.uk ZIMSEC O Level Commerce Notes: Communication: Free posts and Franking machines

Free post

This service is a variation of the business reply service.
The user needs to seek for approval from the post office.
If he is granted access the user […]

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Insurance Assesors

By garikaib|2022-09-15T12:42:49+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit pixbay.com Image credit pixbay.com ZIMSEC O Level Commerce Notes: Insurance: Insurance Assesors

Assessors

Work for the insurance companies.
When a risk has occurred they:
Assess details on the claim form.
Examine the damaged item.
Ascertain the exact cause of the loss.
Calculate the cost of the damage.
Determine what has been damaged.
Calculate and recommend the amount […]

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Specialists wholesalers and Cooperative wholesale societies

By garikaib|2022-09-15T12:42:40+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Vegetable and Fruit wholesale shop. Image credit udon-news.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Specialists wholesalers and Cooperative wholesale societies