February 2025

Functions of a Seaport authority

By |2025-02-12T09:38:12+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A ship docked at Rhizhao seaport. Image credit MediaWiki A ship docked at Rhizhao seaport. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Functions of a Seaport authority

Functions of a Sea-Port Authority

  • Ensure that seaports are accessible from the inland by both road and rail.
  • Ensures efficient handling of both imports […]
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Documents used in Insurance

By |2025-02-12T09:04:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit alleencareer.com Image credit allincareer.com ZIMSEC O Level Commerce Notes: Insurance: Documents used in Insurance

Documents used in insurance

  • The following documents are used in insurance:

Prospectus.

  • Shows the types of risks that can be covered.
  • Shows the name of the insurance company.
  • Contains premium to be paid.
  • States compensation to be paid.

Proposal form

  • An application for […]
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Traditional/General Wholesalers

By |2025-02-12T09:15:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit fool.com Wholesale shop. Image credit fool.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Traditional/General Wholesalers

Traditional or General wholesalers.

  • These wholesalers:
  • Provide a wide range of merchandise or goods.
  • Store goods.
  • Pay cash to manufacturers (finance the manufacturers)
  • Sell on credit to retailers.
  • Provide transport to retailers.
  • Employ sales representatives.
  • Provide information and advice to […]
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Factor agents in international trade

By |2025-02-12T09:32:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit wordpress.com Image credit wordpress.com ZIMSEC O Level Commerce Notes: International trade: Factors

  • is a mercantile fiduciary who receives and sells goods on commission.
  • The commission is called a factorage.
  • Possess the goods they sell.
  • Sell goods in their own names.
  • Do not disclose their principal.
  • Collect goods for sale.
  • Deliver goods to their customers.
  • Have insurable […]
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Importance of Consumer protection

By |2025-02-12T08:56:29+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Consumer protection. Image credit ebony.com Consumer protection. Image credit ebony.com ZIMSEC O Level Commerce Notes: Importance of Consumer protection

Importance of consumer protection.

  • Consumers need to be protected from and against:
  • Misleading advertisements which make false claims for example, “This herb can cure all forms of ailments including AIDS and Cancer.”
  • Indecent or immoral […]
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People on the Zimbabwe Stock Exchange

By |2025-02-12T09:08:56+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Traders at the ZSE. Image credit financialgazette.co.zw Traders at the ZSE. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: People on the Zimbabwe Stock Exchange

The stock broker

Is:

  • an agent/middleman between members of the public and the stock jobber.
  • Buys and sells existing shares on behalf of the public.
  • Gets the best […]
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Articles of Association

By |2025-02-12T09:20:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Articles of Association Sample. Image credit agreements.org Articles of Association Sample. Image credit agreements.org ZIMSEC O Level Commerce Notes: Articles of Association

Articles of Association

  • Is prepared by the founders of the company or their representatives.
  • Is sent to the Registrar of companies, together with the memorandum of association for approval.
  • Contains the rules and […]
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Commerce: The Communication Process

By |2025-02-12T08:57:30+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:  Communication: The communication process

  • Communication is the secret sauce of civilisation and makes us who we are
  • Communication can be defined as the exchange of information, ideas, opinions and feelings
  • The process of communication and it’s stages can be shown on a diagram such shown below

communications_model-min The […]

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Money and Banking: Introduction

By |2025-02-12T09:26:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Barter Trade. Image credit passnow.com 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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