O Level Commerce Notes Archives - Page 15 of 24 - Free ZIMSEC & Cambridge Revision Notes

Insurance Assesors

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

Image credit pixbay.com Image credit pixbay.com ZIMSEC O Level Commerce Notes: Insurance: Insurance Assesors

Assessors

Work for the insurance companies.
When a risk has occurred they:
Assess details on the claim form.
Examine the damaged item.
Ascertain the exact cause of the loss.
Calculate the cost of the damage.
Determine what has been damaged.
Calculate and recommend the amount […]

Comments Off

Specialists wholesalers and Cooperative wholesale societies

By garikaib|2025-02-12T09:16:32+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Vegetable and Fruit wholesale shop. Image credit udon-news.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Specialists wholesalers and Cooperative wholesale societies

Specialist wholesalers.

These wholesalers:
Specialise or are experts on one line of products e.g. sale of fruits like FAVCO.
Offer expert advice to customers on […]

Comments Off

Del Credere agents

By garikaib|2025-02-12T09:33:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit uthmag.com ZIMSEC O Level Commerce Notes: International trade: Del Credere Agents

Del credere agents.

Del credere is Italian for “to trust”
Possess the goods they sell.
Have insurable interest on the goods in their possession
Sell goods on behalf of their principals.
Sell goods in their own names.
Deliver goods to […]

Comments Off

How the government protects consumers

By garikaib|2025-02-12T08:57:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit madamenoire.com ZIMSEC O Level Commerce Notes: How the government protects consumers

The Government

The government via Parliament passes various ACTS to protect consumers including:
The Hire Purchase Act which guards against unfair and unlawful repossession of goods bought on credit.
Consumer Safety Act which ensures that products are safe […]

Comments Off

Dairboard Limited Zimbabwe

By garikaib|2025-02-12T09:10:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dairibord Milk. Image credit herald.co.zw

www.herald.co.zw/firms-manoeuvre-past-the-dollar/ ZIMSEC O Level Commerce Notes: Business Organisations: Dairboard Limited Zimbabwe

Dairibord Zimbabwe Limited.

Buys, collects and stores milk from registered farmers.
Pasteurises and packs milk.
Processes milk into milk products for example cheese.
Markets milk and milk products both locally and internationally.
Conducts research and promotes developments […]

Comments Off

Certificate of incorporation,Statutory declaration and Certificate of Trading

By garikaib|2025-02-12T09:21:06+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Certificate of incorporation. Image credit elevator-escalator.com

ZIMSEC O Level Commerce Notes:Certificate of incorporation,Statutory declaration and Certificate of Trading

Certificate of incorporation

Is prepared by the Registrar of companies.
Is sent to a company which applied for registration.
Contains:
the date and place where the company was registered.
The […]

Comments Off

Commerce: Effective Communication
Gallery
Commerce: Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Effective Communication

By garikaib|2025-02-12T08:59:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Communication: Effective Communication

We have already looked at the basics of the communication process here
As mentioned in that introduction communication occurs between a sender and receiver
We have also looked at the importance of communication to commerce and businesses here
For communication to be useful it has to be effective
Communication […]

Comments Off

Hire Purchase

By garikaib|2025-02-12T09:28:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

TV Sales and Hire offers Hire Purchases. ZIMSEC O Level Commerce Notes: Hire Purchase

Is a method of buying consumer durables such as Television sets on credit.

Characteristics

A written agreement between the buyer and seller is required.
A deposit is paid followed by installments (usually on a […]

Comments Off

ATM:Automated Teller Machines

By garikaib|2025-02-12T09:07:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An ATM. Image credit Securityaffairs.co ZIMSEC O Level Commerce Notes: Money and Banking: ATM:Automated Teller Machines

ATMs

Are fitted on the outside walls of banks are shopping malls.
They are used to withdraw cash.
They operate 24 hours a day.
It is a self-service facility.
The customer follows on screen instructions.
Upon […]

Comments Off

Retail cooperative society

By garikaib|2025-02-12T09:25:24+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Farm and City is an example of a retail cooperative society. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Retail Cooperative Society.

Retail cooperative society

a large scale retail outlet found in the private sector
formed by […]

Comments Off

February 2025