February 2025

Transport Modes: Road Transport

By |2025-02-12T09:17:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A goods truck. Image credit utahship.org A goods truck. Image credit utahship.org ZIMSEC O Level Commerce Notes: Transport: Transport Modes: Road Transport

Road transport

Advantages

  • Is fast over short distances.
  • Is cheap over short distances.
  • It is direct and offers door to door delivery services
  • there is a wide network of roads already available meaning
  • even remote […]
Read More
Comments Off on Transport Modes: Road Transport

Private Bags and Post Office Boxes

By |2025-02-12T09:33:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Post Office Boxes. Image credit blogspot.com Post Office Boxes. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Communication: Private Bags and Post Office Boxes

Post Office Boxes.

  • Are used by people without street addresses to receive mail.
  • Boxes are rented from the Post Office.
  • Boxes are built on the outside walls of the Post […]
Read More
Comments Off on Private Bags and Post Office Boxes

Insurable Interest and utmost good faith

By |2025-02-12T08:59:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit classicsandcustoms.com Image credit classicsandcustoms.com ZIMSEC O Level Commerce Notes: Insurance: Insurable Interest and Utmost good Faith

Insurable interest

  • Enables one to insure one’s own property.
  • Where the insured should directly suffer financial loss if the risk occurs.
  • One cannot insure the property of another.
  • Because on has no insurable interest.
  • If one insures the […]
Read More
Comments Off on Insurable Interest and utmost good faith

Wholesale trade

By |2025-02-12T09:12:42+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A chain of distribution for a wholesaler business. A chain of distribution for a wholesaler business. ZIMSEC O Level Commerce Notes: Wholesale Trade

Wholesale trade

  • Includes all the various activities that involve the selling of goods to traders for resale to the final user (consumer).
  • Wholesalers buy goods in bulk from several manufactures which […]
Read More
Comments Off on Wholesale trade

Functions of customs and excise authorities

By |2025-02-12T09:28:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Chirundu Border Post. Image credit trademarksa.org Chirundu Border Post. Image credit trademarksa.org ZIMSEC O Level Commerce Notes: Functions of customs and excise authorities

  • Collect and revenue for the government by charging customs and excise duties.
  • Collect, keep and analyse records of imported and exported goods and services.
  • Control bonded warehouses to ensure that duty […]
Read More
Comments Off on Functions of customs and excise authorities

Public Limited Companies

By |2025-02-12T09:05:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Econet is an example of a PLC Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Public Limited Companies

Formation

  • Membership is open to the public.
  • Membership is by invitation through a prospectus.
  • Formed by at least two shareholders and there is no upper limit.
  • Governed by the Companies Act.
  • The founding […]
Read More
Comments Off on Public Limited Companies

Local Authorities

By |2025-02-12T09:18:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Harare city council. Image credit bulawayo24.com Harare city council. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Local Authorities

Local authorities

  • Can be a city ( e.g. Harare City Council), rural ( e.g. Mutasa District Council) or district council.
  • Are controlled by the central government.
  • Owned by the local government.
  • Set up to administer a […]
Read More
Comments Off on Local Authorities

Importance of Insurance

By |2025-02-12T09:32:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit anu.edu.au Image credit anu.edu.au ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Insurance

Insurance

  • Provides health insurance cover through medical aid scheme and covers:
  • against risks of loss of goods due to fire or theft
  • employees at work through employer’s liability
  • goods in transit
  • embezzlement of funds through fidelity guarantee policy.
  • Bad debts through […]
Read More
Comments Off on Importance of Insurance

Commerce: The Internal Business Environment

By |2025-02-12T09:44:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Internal Business Environment

  • As already mentioned elsewhere businesses do not operate in a vacuum
  • The operations of a business are affected by factors internal and external to it
  • Here we will look at the internal business environment

The internal business environment

  • A business’s internal environment is made up of people known as […]
Read More
Comments Off on Commerce: The Internal Business Environment
Toggle Sliding Bar Area
Go to Top