February 2025

Export and Import merchants

By |2025-02-12T09:35:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit importingmadeasy.com Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

  • Perform the functions of traders (i.e. wholesalers or retailers).
  • Buy goods from local manufacturers.
  • Sell these goods abroad.
  • Buy and sell goods in their own names.
  • Sell goods at a profit.
  • Pay cash immediately for goods bought.
  • Reduce manufactures’ problems by exporting […]
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Commerce Introduction to Businesses

By |2025-02-12T08:59:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit orangeblob.com Image credit orangeblob.com ZIMSEC O Level Commerce: Commerce Introduction to Businesses

  • Business refers to:
  • Activities carried out in order to make profit for example:
  • manufacturing goods for sale.
  • Providing services e.g. Hotels.
  • Extracting minerals such as gold.
  • Farming produce for sale.
  • Business entities/organisations can be divided into two groups i.e. private and public sector […]
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Terms used in business organisations

By |2025-02-12T09:25:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit tooopen.com Image credit tooopen.com ZIMSEC O Level Commerce Notes: Terms used in business organisations

“Private”

  • Membership to a private limited company is by invitation.
  • Shares of a private limited company are onlys sold to invited members for example friends and relatives.
  • Shares cannot be sold or bought on the Zimbabwe Stock Exchange […]
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Commerce: Management Functions Introduction

By |2025-02-12T09:21:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Introduction

  • No doubt you have heard of people who work as managers within a business
  • These people carry out management duties in the organisations in which they are employed
  • It is important to note that depending on an organisation a manager can be known by several titles
  • Popular titles for […]
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Commerce:Invoices

By |2025-02-12T09:07:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC Commerce Notes: Invoices

  • There are two main types of invoices:
  • A proforma invoice and,
  • ordinary invoices.

Proforma invoice

  • Is a document in the form of an invoice.
  • Is send by a supplier to a potential buyer.
  • It may be used as a quotation.
  • It shows terms of payment.
  • It show quantities of goods/services.
  • Is used when goods are send […]
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Advantages and disadvantages of Hire Purchase to the seller

By |2025-02-12T09:30:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Furniture shop. Image credit roomandboard.com Furniture shop. Image credit roomandboard.com ZIMSEC O Level Commerce Notes: Hire Purchase

Details shown on Hire Purchase goods

  • A description of the goods.
  • The cash price of the goods.
  • The total Hire Purchase Price i.e. the cash price + the relevant finance charges
  • The required deposit amount.
  • The amount and number […]
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Bank Payments in Home and Internation Trade

By |2025-02-12T09:09:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Payments in Home and Internation Trade

Bank payments in Home Trade

  • Payments encountered in home trade are made via the following bank services:

Standing or stop order

  • Is a method of payment used to pay fixed amounts to creditor […]
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Discount stores, Voluntary Chains and Tied shops

By |2025-02-12T09:27:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Spar Joina City. Image credit innscorafrica.com Spar Joina City. Image credit innscorafrica.com ZIMSEC O Level Commerce Notes: Retail Trade: Discount stores and Voluntary Chains

Discount Stores

  • a large-scale retail outlet found in and private sector
  • locate in busy shopping areas and out of city centres
  • sells household goods such as electrical appliances
  • operates from cheap […]
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Bonded Warehouses

By |2025-02-12T09:43:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimborderguide.co.zw ZIMSEC O Level Commerce Notes: Warehousing: Bonded Warehouses

Bonded warehouses

  • These are located at ports, boarder posts, large railway stations and big cities.
  • They are privately owned but supervised by the Zimbabwe Revenue Authority […]
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