O Level Commerce Notes Archives - Page 18 of 24 - Free ZIMSEC & Cambridge Revision Notes

Methods used to correct an unfavourable Balance of Payment

By garikaib|2025-02-12T09:24:40+02:00February 12th, 2025|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 […]

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Certificate of insurance

By garikaib|2025-02-12T09:41:02+02:00February 12th, 2025|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 […]

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Private Limited Companies

By garikaib|2025-02-12T09:04:24+02:00February 12th, 2025|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 […]

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Trade Association

By garikaib|2025-02-12T09:16:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ACCA Offices. Image credit applepieghana.com ZIMSEC O Level Commerce Notes: Trade Associations

Is:

an organisation formed by traders in the same line of business/industry e.g. Association of Certified Chartered Accountants (ACCA), Bankers Association of Zimbabwe etc.
Is found in the private sector.
Protects the interests of its member […]

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Importance of Warehousing

By garikaib|2025-02-12T09:30:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large scale retailer's warehouse. Image credit www.restaurantdepot.com Large scale retailer’s warehouse. Image credit www.restaurantdepot.com ZIMSEC O Level Commerce Notes: Aids to Trade: Warehousing

Warehousing

Enables the safe storage of:
raw materials
equipment and machinery
finished goods
partly finished goods
spare parts
goods in transit.
Enables raw materials to be ordered ahead of demand.
Enables continuous production of goods.
Enable goods to be […]

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Commerce: Beneficiation And Value Addition/ Added Value
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Commerce: Beneficiation And Value Addition/ Added Value

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Beneficiation And Value Addition/ Added Value

By garikaib|2025-02-12T09:30:49+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Beneficiation And Value Addition/ Added Value

One of the reasons why developing countries lag behind developed countries is due to the imbalance of trade
Developing countries export mainly raw unprocessed materials which have a low price per unit
On the other hand developed countries export back high value processed materials
This means […]

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Introduction

By garikaib|2025-02-12T09:15:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Airbus 380 being assembled. Image credit themanufacturer.com ZIMSEC O Level Commerce Notes: Production: Introduction:Good and Services

Production-is the provision of goods and services to satisfy human needs and wants.

Goods and Services (Products)

goods– these are tangible items with physical attributes for example a car.
Goods can be classified as:
durable […]

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Commercial Banks
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Commercial Banks

Notes, O Level Commerce Notes, Ordinary Level Notes

Commercial Banks

By garikaib|2025-02-12T09:38:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: Commercial Banks

Commercial Banks

Is a bank that offers services to the general public and to companies.
For example Barclays, Standard Chartered, Stanbic and BancABC.

Services offered

They accept deposits in the form of current, savings and fixed deposits accounts.
They receive or make payments through cheques, direct debit and credit transfers.
They […]

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