O Level Commerce Notes Archives - Page 11 of 24 - Free ZIMSEC & Cambridge Revision Notes

Airway bill

By garikaib|2025-02-12T09:41:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Air Waybill for use with FedEx ZIMSEC O Level Commerce Notes: International Trade: Airway bill

Airway bill

Also mentioned here.
Completed when goods are carried by air.
A contract to carry goods aboard an aircraft.
An evidence of receipt of goods on board the aeroplane.
Gooes together with […]

Comments Off

Advantages and Disadvantages of Private Limited Companies

By garikaib|2025-02-12T09:04:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Private Limited Companies

Advantages

Operate as separate legal entities meaning:
they can sue and be sued in their own name.
Can make contracts in their own name.
Shareholders enjoy limited liability.
Can raise more […]

Comments Off

Public corporations/ Parastatals

By garikaib|2025-02-12T09:16:43+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A ZUPCO bus. Image credit bulawayo24.com A ZUPCO bus. Image credit bulawayo24.com ZIMSEC O Level Commerce Notes: Public Corporations/Parastatals and Public Utilities

Features

Established by an act of parliament.
Provides essential goods and services e.g. transport (NRZ)
The main aim is to provide essential services at affordable prices.
Have no profit motive.
Are separate legal […]

Comments Off

Importance of Advertising

By garikaib|2025-02-12T09:30:52+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet Advert. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Aids to Trade: Advertising

Advertising

Provides information on:
goods available.
Prices of goods
types of goods sold e.g. quality of goods.
Where to buy the goods.
Persuades customers to buy.
Launches new products.
Increases sales.
Increases profits.
Enables a trader to fight competition.
Reminds customers about existing goods […]

Comments Off

Commerce: Benefits of Beneficiation And Value Addition
Gallery
Commerce: Benefits of Beneficiation And Value Addition

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Benefits of Beneficiation And Value Addition

By garikaib|2025-02-12T09:40:45+02:00February 12th, 2025|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 […]

Comments Off

Forms of production

By garikaib|2025-02-12T09:17:39+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Subsistence farming is an example of direct production. Image credit weebly.com ZIMSEC O Level Commerce Notes: Forms of Production

Direct production
-This is when one produces goods and services for their own consumption for example subsistence farming or a tailor making […]

Comments Off

Bank Loans and Overdrafts

By garikaib|2025-02-12T09:39:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit forexsiteds.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Loans and Overdrafts

Bank Overdrafts

Are an informal way of borrowing money.
They are given to current account holders only.
Are a short term form of borrowing.
Interest is charged daily on the amounts owing.
The interest rate levied on these […]

Comments Off

Retailers and their functions

By garikaib|2025-02-12T09:17:30+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

OK Zimbabwe operates one of the country’s most popular retail chains. Image from the Chronicle. ZIMSEC O Level Commerce Notes: Retail Trade: Retailers and their functions

Retail means to cut into small pieces or to reduce to smaller quantities.
A […]

Comments Off

Pre-packaging

By garikaib|2025-02-12T09:34:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit efroschheiser.blogse.nl Image credit efroschheiser.blogse.nl ZIMSEC O Level Commerce Notes: Retail Trade: Prepackaging

Packaging

refers to the practice of placing goods into containers by the manufacturers, retailers and wholesalers.

Advantages of pre-packing

goods become easier to display
some packaging protects goods against damage
prevents goods from deteriorating
reduces soiling of goods from constant consumer handling
allows branding […]

Comments Off

Advertising agencies

By garikaib|2025-02-12T09:01:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit su.edu. ZIMSEC O Level Commerce Notes: Advertising: Advertising agencies

Many business organisations hire outside advertising agencies.
Advertising agencies have specialised staff to help with all the neccessary advertising requirements that other businesses might have.
A lot of business organisations cannot afford to have their own full time advertising […]

Comments Off

February 2025