January 2023

Public sector warehouses

By |2022-09-15T12:43:21+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Drugs in a public warehouse. Image newvision.co.ug Drugs in a public warehouse. Image newvision.co.ug ZIMSEC O Level Commerce Notes: Warehousing: Public sector warehouses

Public sector warehouses

  • These are run by parastatals and local government authorities:
  • They are used to store:
  • building materials
  • machines
  • fuel
  • water
  • stationary
  • medical drugs
  • or any other stock that may be of national strategic interest.
  • They are […]
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Other Services offered by the Post Office

By |2022-09-15T12:42:57+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit auspost.com.au Image credit auspost.com.au ZIMSEC O Level Commerce Notes: Communication: Other Services offered by the Post Office

Parcel post.

  • Surface mail parcels are limited to a mass of 10kg
  • Ideal for trade samples and goods in mail order.
  • Parcels from other countries are opened to comply with customs and legal requirements of each […]
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Exports Credit Guarantee Department (ECGD)

By |2022-09-15T12:42:47+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit ncbcp.org Image credit ncbcp.org ZIMSEC O Level Commerce Notes: Insurance: Exports Credit Guarantee Department (ECGD)

  • Also known as Export Credit Guarantee Corporation (ECGC)in Zimbabwe.
  • Covers risk of non payment by importers due to:
  • lack of foreign currency.
  • Political instability.
  • Outbreak of war.
  • Overseas state interferences.
  • Provides comprehensive policies to cover the whole of export businesses […]
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Marketing Boards

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

Tobacco field. Image credit MediaWiki Tobacco field. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Wholesale Trade: Marketing Boards

Reasons for setting up Marketing Boards.

  • These are set up by the government for the following reasons:
  • To store agricultural produce.
  • To reduce monopolies in the selling a certain strategic goods.
  • To control the selling and buying […]
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Export and Import merchants

By |2022-09-15T12:42:33+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit importingmadeasy.com Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

  • Perform the functions of traders (i.e. wholesalers or retailers).
  • Buy goods from local manufacturers.
  • Sell these goods abroad.
  • Buy and sell goods in their own names.
  • Sell goods at a profit.
  • Pay cash immediately for goods bought.
  • Reduce manufactures’ problems by exporting […]
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Commerce Introduction to Businesses

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

Image credit orangeblob.com Image credit orangeblob.com ZIMSEC O Level Commerce: Commerce Introduction to Businesses

  • Business refers to:
  • Activities carried out in order to make profit for example:
  • manufacturing goods for sale.
  • Providing services e.g. Hotels.
  • Extracting minerals such as gold.
  • Farming produce for sale.
  • Business entities/organisations can be divided into two groups i.e. private and public sector […]
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Terms used in business organisations

By |2022-09-15T12:42:03+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit tooopen.com Image credit tooopen.com ZIMSEC O Level Commerce Notes: Terms used in business organisations

“Private”

  • Membership to a private limited company is by invitation.
  • Shares of a private limited company are onlys sold to invited members for example friends and relatives.
  • Shares cannot be sold or bought on the Zimbabwe Stock Exchange […]
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