February 2025

Bank Loans and Overdrafts

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

Image credit forexsiteds.com 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 […]
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Pre-packaging

By |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 […]
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Advertising agencies

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

Image credit su.edu. 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 […]
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Factors which affect the mode of transport

By |2025-02-12T09:16:31+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A goods truck. Image credit continental-truck-tires.com A goods truck. Image credit continental-truck-tires.com ZIMSEC O Level Commerce Notes: Transport: Factors which affect the mode of transport

Factors which determine the mode of transport to carry goods

  • The nature of the goods:
  • For example perishable goods such as bread and meat needs fast transport e.g. […]
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Importance of statistics to insurance

By |2025-02-12T08:58:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit dhariya.com Image credit dhariya.com ZIMSEC O Level Commerce Notes: Insurance: Importance of statistics to insurance

Importance of statistical records in insurance.

  • Actuaries make extensive use of statistics in insurance
  • Insurance contracts are based on the statistics.
  • Risk is asses to determine whether:
  • It can be accepted or not.
  • Help in determining a fair premium.
  • At […]
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Functions of insurance underwriters

By |2025-02-12T09:11:57+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Old Mutual. Image credit thezimbabwedaily.com Old Mutual. Image credit thezimbabwedaily.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance underwriters

Functions of underwriters.

  • Are insurers (insurance companies) who provide insurance cover.
  • Assess risks (examine details in the proposal form)
  • Cover or accept risks by:
  • Singing their names against risks they have agreed to cover.
  • Charge and […]
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