O Level Commerce Notes Archives - Page 17 of 24 - Free ZIMSEC & Cambridge Revision Notes

Commerce: Management Functions: Controlling
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Commerce: Management Functions: Controlling

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Controlling

By garikaib|2025-02-12T09:28:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Controlling

In our introduction to management, we defined what management is
In simple terms, management is the art of doing work through others
However, management can also be defined in terms of its functions
These functions are the duties that a typical manager is expected to perform regardless of their […]

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Credit Note and Debit Note

By garikaib|2025-02-12T09:14:42+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

A credit note. Image credit debitoor.com ZIMSEC O Level Commerce Notes: Credit Note and Debit Note

Credit Note

I issued by a supplier to a buyer.
It is usually printed in red or pink.
It is used when a supplier owes the buyer money.
It shows the flow of […]

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POSB Bank
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POSB Bank

Notes, O Level Commerce Notes, Ordinary Level Notes

POSB Bank

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

ZIMSEC O Level Commerce Notes: Money and Banking: POSB Bank.

Post Office Savings Banks

People’s Own Savings Bank.

Functions

It accept deposits from individuals and companies.
It operates savings accounts which earn tax free interest.
It operates stop order facilities for clients.
It lends money to large organisations for example Discount Houses.
It invests money into Treasury Bills and municipal stocks.

[…]

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The clearing of cheques

By garikaib|2025-02-12T09:15:11+02:00February 12th, 2025|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 […]

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Franchising

By garikaib|2025-02-12T09:33:09+02:00February 12th, 2025|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 […]

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Collective/Generic Advertising

By garikaib|2025-02-12T08:59:32+02:00February 12th, 2025|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 […]

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Introduction: The importance of transport

By garikaib|2025-02-12T09:15:13+02:00February 12th, 2025|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 […]

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Containerisation

By garikaib|2025-02-12T09:29:46+02:00February 12th, 2025|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 […]

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