February 2025

Modes of transport: Air transport

By |2025-02-12T09:18:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A DHL cargo plane. Image credit airnewstimes.co.uk A DHL cargo plane. Image credit airnewstimes.co.uk ZIMSEC O Level Commerce Notes: Transport: Air transport

Air transport.

Advantages

  • Is fast over long distances.
  • It is a relatively safe mode of transporting goods i.e.:
  • There are less riks of theft of and damage of goods during transportation.
  • The insurance costs […]
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Registered Mail and Recorded Deliveries

By |2025-02-12T09:35:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Registered mail. Image credit grosvenorauctions.com Registered mail. Image credit grosvenorauctions.com ZIMSEC O Level Commerce Notes: Communication: Registered Mail and Recorded Deliveries

Registered mail.

  • Used to send cash and valuables like certificates.
  • Special envelopes are used.
  • Articles must be handed over the counter.
  • A receipt is obtained as proof of postage.
  • They can be traced if lost.
  • Can […]
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Proximate cause and the Average clause: Under and over insuring

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

Image credit yourinsurancequestion.com Image credit yourinsurancequestion.com ZIMSEC O Level Commerce Notes: Insurance: Proximate cause and the Average clause: Under and over insuring

  • This prevents the insured from making a profit by:

1) Under-insuring a risk or paying less premiums.

  • When a loss is incurred under such circumstances the insurer will not indemnify the […]
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Functions of wholesalers: To producers and manufactures

By |2025-02-12T09:14:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit stocktraque.com Wholesale shop. Image credit stocktraque.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Functions of wholesalers: To producers and manufactures

To the producers/manufacturers

  • The wholesaler:
  • Collects orders from numerous retailers.
  • Provides manufacturers with market information on consumer want and competitor activities.
  • Stores finished products.
  • Clears manufacturer’s production lines thus allowing manufacturers and […]
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Excise Duty and the calculation of duty

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

Image credit sofiaecho.com Image credit sofiaecho.com ZIMSEC O Level Commerce Notes: Excise Duty

Why excise duty is paid?

  • Excise duty is taxed on certain specified home produced goods for example tobacco meant for consumption in the home market in order to:
  • Raise revenue for the government.
  • Discourage consumption of dangerous products.
  • Reduce domestic demand.
  • Release more […]
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Functions of of Zim-Trade ( Government promotion of foreign trade)

By |2025-02-12T09:45:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zim-Trade expo. Image credit europa.eu Zim-Trade expo. Image credit europa.eu ZIMSEC O Level Commerce Notes: Functions of of Zim-Trade ( Government promotion of foreign trade)

Function of Zim-Trade ( Government promotion of foreign trade)

  • Carries out market research in other countries to ascertain whether or not to export to those countries.
  • Examines and […]
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Advantages and Disadvantages of Multinational Companies

By |2025-02-12T09:07:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delta is a local example of an MNC. Image credit Nehandaradio.com Delta is a local example of an MNC. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages Multinational Companies

Advantages

  • Pays taxes to increase revenue for the host government.
  • Creates employment to local people.
  • Brings the latest technology to the […]
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Prospectus

By |2025-02-12T09:18:56+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Prospectus. Image credit docstoc.com Prospectus. Image credit docstoc.com ZIMSEC O Level Commerce Notes: Prospectus(privatised)

 

Prospectus

  • Is prepared by founders of the company or an issuing house after the registration of a public limited company.
  • Is sent for approval to the registrar of companies before members of the public are invited to subscribe for […]
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Commerce Notes: The Grain Marketing Board

By |2025-02-12T09:24:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Wholesale Trade:The Grain Marketing Board

  • It buys and sells grain from farmers
  • It sells grain to consumers, millers and importers
  • It stores grain in its silos
  • It evens out the supply of grain
  • Prevents shortages of grain
  • Controls the price of grain
  • Collects grain from farmers
  • Controls the price of grain
  • Collects grain from […]
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Commerce: Advantages And Disadvantages Of Being An Entrepreneur

By |2025-02-12T09:13:36+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advantages And Disadvantages Of Being An Entrepreneur

  • We have looked at what an entrepreneur is here
  • Now we will look at the advantages and disadvantages of being an entrepreneur
  • Running your own business obviously has its own advantages

Advantages of being an entrepreneur

  • If you are an entrepreneur you become your own […]
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