February 2025

Modes of transport: Air Transport: Air Waybill

By |2025-02-12T09:19:58+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An Air Waybill for use with FedEx An Air Waybill for use with FedEx. Image credit en.09635.com

Air way Bill

  • Importance:
  • Is a document used when goods are transported by air.
  • It is a contract of carriage or an agreement to carry goods.
  • A receipt for goods aboard a given aeroplane.
  • It accompanies these goods.
  • It contains the following […]
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How to take out an insurance policy?

By |2025-02-12T09:02:39+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: Insurance: How to take out an insurance policy?

How to take out an insurance policy.

  • The prospective customer makes contact with the insurance company or obtains an insurance prospectus.
  • The risk one intends to insure is discussed with an insurance broker.
  • A quotation […]
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Cash and carry wholesalers

By |2025-02-12T09:15:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit link51.com Wholesale shop. Image credit link51.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Cash and carry wholesalers

  • These wholesalers:
  • Sell goods on a cash and carry basis.
  • Sell both retailers and consumers i.e. they sell goods in bulk and case lots.
  • Use self-service methods of selling.
  • Display goods.
  • Have check-out points.
  • Have security measures.
  • Sell […]
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Brokers in International trade

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

Zafana Trade brokers. Image credit zafanankositrading.com Zafana Trade brokers. Image credit zafanankositrading.com ZIMSEC O Level Commerce Notes: Brokers

Brokers

  • Work in foreign trade as agents.
  • Bring buyers and sellers into contact
  • Buy or sell goods on behalf of their principals ( who can be manufacturers or importers)
  • Do not possess the goods they sell but […]
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Zimbabwe Stock Exchange

By |2025-02-12T09:08:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zimbabwe Stock Exchange. Image credit financialgazette.co.zw Zimbabwe Stock Exchange. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: The Zimbabwe Stock Exchange

Functions

  • Controls and regulates admission of new members.
  • Acts as a barometer of the well-being of the Zimbabwean economy.
  • A market for buying and selling shares, stocks, bonds as well as […]
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Memorandum of Association

By |2025-02-12T09:19:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A page from a Memorandum of Association. Image credit coronetpublications.com A page from a Memorandum of Association. Image credit coronetpublications.com ZIMSEC O Level Commerce Notes: Memorandum of Association

Memorandum of Association

  • Is used in the formation of private and public limited companies.
  • Is prepared by the company founders/their representatives.
  • Is sent to the Registrar […]
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Introduction to Enterprises And Entrepreneurs

By |2025-02-12T09:45:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Introduction to Enterprises And Entrepreneurs

  • You will remember that there are four factors of production namely:
    • Land
    • Labour
    • Capital
    • Enterprise/Entrepreneurship
  • While the first three are often made up of tangible resources such as a piece of land, the company’s labour force or a tractor for example
  • The fourth resource (another name for a factor […]
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