O Level Commerce Notes Archives - Page 13 of 24 - Free ZIMSEC & Cambridge Revision Notes

Vending machines, DIY products and Shopping Malls

By garikaib|2025-02-12T09:31:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A DIY Kit. Image credit 2020pv.co.uk ZIMSEC O Level Commerce Notes: Vending Machine, Do It Yourself products and Shopping Malls.

Vending machines

These are machines, which are installed in buys areas.
An example is an ATM (Automated Teller Machine).
The machines may be hired or leased. They operate […]

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Persuasive Advertising

By garikaib|2025-02-12T08:58:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Persuasive Advertisement. Image credit McDonalds. ZIMSEC O Level Commerce Notes: Advertising: Persuasive Advertising

Persuasive/Competitive advertising

These are undertaken by individual businesses for the main purpose of promoting its own products using its brand names at the expense of other manufacturers producing similar products with different brand names.
Producers will […]

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Advertising techniques

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

Romantic Wine advertisement. Image credit forwallpaper.com ZIMSEC O Level Commerce Notes: Advertising: Techniques used in advertising

Techniques used in advertising

In order to make advertising more effective and appealing to consumers various techniques are employed including:
Ambition-This is when a successful person is sued to advertise the […]

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Documents used in shipping: Charter Party

By garikaib|2025-02-12T09:29:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A time charter. Image credit lawandsea.net ZIMSEC O Level Commerce Notes: Transport: Documents used in shipping: Charter Party

Charter Party.

A contract document used to hire a ship for example tramp ships.
It can be known as a voyage charter when hiring a ramp for a specific […]

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Cellphone

By garikaib|2025-02-12T09:45:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Examples of modern day cellphones. Image credit egadget.com ZIMSEC O Level Commerce Notes: Communication: Cellphone

Cellular telephone.

Used when speed is required.
Allows dialogue.
Subscriber can dial or receive calls from another subscriber or telephone subscribers
Can receive multiple calls at the same time by putting them […]

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Other forms of insurance: Accident, health,funeral assurance

By garikaib|2025-02-12T09:10:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Funeral. Image credit mentalfloss.com ZIMSEC O Level Commerce Notes: Insurance: Accident and health insurance,funeral assurance

Accident insurance

There are two forms of accident insurance:
Personal accident insurance and
Group accident insurance

Personal accident

Is taken by individuals.
It covers against total disability arising from accidents e.g. sports stars or surgeons.

Group accident.

Taken by a […]

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Balance of Payments

By garikaib|2025-02-12T09:23:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Balance of payments. Image credit therecordingrevolution.com ZIMSEC O Level Commerce Notes: Balance of Payments (B.O.P)

Balance of payments (B.O.P)

This is the difference between Zimbabwe’s total earnings (receipts) and total expenditure.
Exported goods and services less imported goods and services.
It is calculated for a given year.
When the […]

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Certificate of origin

By garikaib|2025-02-12T09:40:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kkfreight.com ZIMSEC O Level Commerce Notes: Certificate of Origin

Certificate of origin

Specifies the name of the country which goods being exported have been manufactured e.g. Made in China.
Required for the assessment of amount of duty to be charged on imports from the country of origin.
Required when customs […]

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Commerce: Advantages and Disadvantages of Partnerships

By garikaib|2025-02-12T09:03:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit registrogiulia.info ZIMSEC O Level Commerce Notes: Advantages and Disadvantages of Partnerships

Advantages

Management is duties are shared amongst the partners.
More capital can be raised.
More skills are available resulting in better quality decision making.
Specialisation is possible.
Partners can consult one another.
There are fewer legal formalities.
Losses are shared amongst partners.

Disadvantages

Disputes may […]

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PBC: Statement of Incorporation

By garikaib|2025-02-12T09:15:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit resourcefulrealacademy.com ZIMSEC O Level Commerce Notes: PBC: Incorporation Statement

Is prepared and drafted by a PBC.
Contains:
the name of the PBC ending with the words Private Business Corporation or PBC.
Postal address of the PBC.
Physical address of the registered office.
Full name and National Identity number of each […]

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February 2025