February 2025

Division of labour and mass production

By |2025-02-12T09:18:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Division of labour on an assembly line production. Image credit youtube.com Division of labour on an assembly line production. Image credit youtube.com ZIMSEC O Level Commerce Notes: Division of Labour and Mass production

DIVISION OF LABOUR
Production activites can be classified according to two basic principles:

Division of Labour
this refers to the breakdown […]

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Small scale Retailers

By |2025-02-12T09:18:44+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Roadside Vendors are quite popular along Harare's roads Roadside Vendors are quite popular along Harare’s roads. Picture by Celebrity

  ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers. ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers.

Small scale retailers

  • are usually owned by individuals
  • are found in the private […]
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Self-selection and Self-service

By |2025-02-12T09:35:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Buffet is an example of self-service. Image credit Media-Wiki Buffet is an example of self-service. Image credit Media-Wiki ZIMSEC O Level Commerce Notes: Retail Trade: Self-selection and Self-service

Self-selection

  • is a method of selling goods used in department stores and variety chain stores
  • cash points are dotted throughout the store
  • a customer pays for […]
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Advertising Media

By |2025-02-12T09:01:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

TV is an example of advertising media. Image credit zopper.com TV is an example of advertising media. Image credit zopper.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media

  • Advertisements can be placed in any of the following media including:
  • Radio
  • TV
  • Newspaper
  • Magazines
  • Fliers
  • Posters
  • Trade Journals

Factors to be considered when choosing the best advertising medium

  • The size of […]
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Transport Modes: Road Transport

By |2025-02-12T09:17:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A goods truck. Image credit utahship.org A goods truck. Image credit utahship.org ZIMSEC O Level Commerce Notes: Transport: Transport Modes: Road Transport

Road transport

Advantages

  • Is fast over short distances.
  • Is cheap over short distances.
  • It is direct and offers door to door delivery services
  • there is a wide network of roads already available meaning
  • even remote […]
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Private Bags and Post Office Boxes

By |2025-02-12T09:33:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Post Office Boxes. Image credit blogspot.com Post Office Boxes. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Communication: Private Bags and Post Office Boxes

Post Office Boxes.

  • Are used by people without street addresses to receive mail.
  • Boxes are rented from the Post Office.
  • Boxes are built on the outside walls of the Post […]
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Insurable Interest and utmost good faith

By |2025-02-12T08:59:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit classicsandcustoms.com Image credit classicsandcustoms.com ZIMSEC O Level Commerce Notes: Insurance: Insurable Interest and Utmost good Faith

Insurable interest

  • Enables one to insure one’s own property.
  • Where the insured should directly suffer financial loss if the risk occurs.
  • One cannot insure the property of another.
  • Because on has no insurable interest.
  • If one insures the […]
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Wholesale trade

By |2025-02-12T09:12:42+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A chain of distribution for a wholesaler business. A chain of distribution for a wholesaler business. ZIMSEC O Level Commerce Notes: Wholesale Trade

Wholesale trade

  • Includes all the various activities that involve the selling of goods to traders for resale to the final user (consumer).
  • Wholesalers buy goods in bulk from several manufactures which […]
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Functions of customs and excise authorities

By |2025-02-12T09:28:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Chirundu Border Post. Image credit trademarksa.org Chirundu Border Post. Image credit trademarksa.org ZIMSEC O Level Commerce Notes: Functions of customs and excise authorities

  • Collect and revenue for the government by charging customs and excise duties.
  • Collect, keep and analyse records of imported and exported goods and services.
  • Control bonded warehouses to ensure that duty […]
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