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

The clearing of cheques

By garikaib|2022-09-15T12:43:33+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Image credit dailymail.co.uk ZIMSEC O Level Commerce Notes: Money and Banking: The clearing of Cheques.

There are three ways and circumstances in which a cheque may be cleared.

If the payee and drawer use the same bank and branch

The payee deposits the cheque into his/her account.
The payee is credited […]

Comments Off

Franchising

By garikaib|2022-09-15T12:43:25+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Nandos shop. Image credit lovealdershot.co.uk ZIMSEC O Level Commerce Notes: Retail Trade: Franchising

Franchising

A franchise is an agreement in which a retailer (franchiser) gives the right to another trader (franchisee) to use the name of the business and to sell the franchiser’s products in a given […]

Comments Off

Collective/Generic Advertising

By garikaib|2022-09-15T12:43:19+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

An ad by a dentist's association encouraging people to brush their teeth regulary. Image credit theunknownbutnothidden.com An ad by a dentist’s association encouraging people to brush their teeth regulary. Image credit theunknownbutnothidden.com ZIMSEC O Level Commerce Notes: Advertising: Collective/Generic Advertising

Collective or Generic advertising

Is used by a number of producers in […]

Comments Off

Introduction: The importance of transport

By garikaib|2022-09-15T12:43:12+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com ZIMSEC O Level Commerce Notes: Transport: Introduction and Importance of transport.

Transport refers to the movement of people and goods from […]

Comments Off

Containerisation

By garikaib|2022-09-15T12:43:04+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Maersk Container ship. Image credit fleetmon.com ZIMSEC O Level Commerce Notes: Transport: Containerisation

Containerisation

Refers to the carriage of goods in standardised large containers (boxes) made of metal.
The containers are:
filled with goods ready for transportation.
They are sealed in the presence of custom officials at the point […]

Comments Off

Radio paging, tele messages and Prestel

By garikaib|2022-09-15T12:42:54+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A radio pager. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Communication: Radio paging, tele messages and Prestel

Radio paging

Is a one way communication system.
Is an internal means of communication.
I used by people in an organisation only.
Is hired from the post office.
A public address system […]

Comments Off

Making an insurance claim

By garikaib|2022-09-15T12:42:45+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Making an insurance claim. Image credit ilaacp.org ZIMSEC O Level Commerce Notes: Insurance: Making an insurance claim

The insured contacts the insurance company or broker and:
completes a claim form giving details of the loss, honestly
and provides the necessary police report.
The insurer checks on the […]

Comments Off

Methods used to correct an unfavourable Balance of Payment

By garikaib|2022-09-15T12:42:37+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

South African border post. Image credit drivesouthafrica.co.za ZIMSEC O Level Commerce Notes: Methods used to correct an unfavourable Balance of Payment

Methods and ways of correcting an unfavourable balance of payments.

The government of Zimbabwe may use the following ways to correct its BOP if its unfavourable […]

Comments Off

Certificate of insurance

By garikaib|2022-09-15T12:42:30+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit generalmills.com ZIMSEC O Level Commerce Notes: Certificate of insurance

Certificate of insurance

Provides proof that the goods being transported have been insured.
Has to be produced when making a claim to the insurance company, if a risk insured against has occurred.
Can be an open (floating) insurance policy.
To cove […]

Comments Off

Private Limited Companies

By garikaib|2022-09-15T12:42:18+02:00January 24th, 2023|O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

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

Its operations are governed by the Companies Act.
Formed by 2-50 shareholders.
In other countries a company is formed by 2 or more people with no maximum number of shareholders.
Has a […]

Comments Off

January 2023