O Level Commerce Notes Archives - Page 2 of 24 - Free ZIMSEC & Cambridge Revision Notes

Certificate of origin

By garikaib|2025-02-12T09:40:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kkfreight.com ZIMSEC O Level Commerce Notes: Certificate of Origin

Certificate of origin

Specifies the name of the country which goods being exported have been manufactured e.g. Made in China.
Required for the assessment of amount of duty to be charged on imports from the country of origin.
Required when customs […]

Comments Off

Commerce: Advantages and Disadvantages of Partnerships

By garikaib|2025-02-12T09:03:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit registrogiulia.info ZIMSEC O Level Commerce Notes: Advantages and Disadvantages of Partnerships

Advantages

Management is duties are shared amongst the partners.
More capital can be raised.
More skills are available resulting in better quality decision making.
Specialisation is possible.
Partners can consult one another.
There are fewer legal formalities.
Losses are shared amongst partners.

Disadvantages

Disputes may […]

Comments Off

PBC: Statement of Incorporation

By garikaib|2025-02-12T09:15:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit resourcefulrealacademy.com ZIMSEC O Level Commerce Notes: PBC: Incorporation Statement

Is prepared and drafted by a PBC.
Contains:
the name of the PBC ending with the words Private Business Corporation or PBC.
Postal address of the PBC.
Physical address of the registered office.
Full name and National Identity number of each […]

Comments Off

Importance of Transport

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

An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Aids to Trade: Transport

Enables one to carry:
raw materials.
Finished goods.
Partly finished goods.
Spare parts.
Equipment and machinery.
Executives.
Sales persons whilst at work.
Workers to and from work.
Can be used to advertise.
Goods can be carried by road, rail, air,sea, pipeline.
Ives […]

Comments Off

Commerce: Management Functions: Controlling
Gallery
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 […]

Comments Off

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 […]

Comments Off

POSB Bank
Gallery
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.

[…]

Comments Off

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 […]

Comments Off

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 […]

Comments Off

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 […]

Comments Off

February 2025