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

Commerce: Sole Trader

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

Sole Trader. Image credit geograph.org.uk ZIMSEC O Level Commerce: Sole Trader Business

Sole Trader

Features

Is owned by one person who provides all the capital.
Their motive is to make profit.
Tends to be small in size.
Has few legal formalities.
Easy to form as they require little start up capital.
Controlled and […]

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Commerce:Debentures

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

Debenture certificate. Image credit catawiki.com ZIMSEC O Level Commerce Notes: Debentures

Debentures

Are loan capital or money borrowed from financial institutions and individuals.
Earn interest at a fixed rate.
Interest is paid whether or not a company has made profits.
Debentures are creditors to the company.
A safe form of investment.
May […]

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The Standards Association of Zimbabwe

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

Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: The Standards Association of Zimbabwe (SAZ)

Adopts and adapts international standards of products, performance, safety and quality.
Prepares standards of products for Zimbabwean manufacturers.
Issues copies of standards specification to producers.
Tests products for quality.
Authorises companies to use the SAZ seal of approval.
Ensures that […]

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Commerce: Management Functions: Leading/Commanding
Gallery
Commerce: Management Functions: Leading/Commanding

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Leading/Commanding

By garikaib|2025-02-12T09:22:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:Management Functions: Leading/Commanding

As already said in the introduction to management
Management is defined in simple terms as the art of doing work through others
It involves five functions namely:
- Planning
- Organising
- Leading/Commanding
- Coordinating
- Controlling
These are often called the five functions of management
In this section, we will talk about leading/commanding

[…]

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Letter inquiry and Order Note

By garikaib|2025-02-12T09:08:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Order form. Image credit sru.edu An Order form. Image credit sru.edu ZIMSEC O Level Commerce Notes: Letter of Inquiry

Letter of inquiry

It is a letter written by a buyer/potential buyer to a supplier or to several suppliers.
It shows the names and addresses of both the buyer and the seller.
It has […]

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Money and its characteristics

By garikaib|2025-02-12T09:32:04+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Money. Image credit noirg.org ZIMSEC O Level Commerce Notes: Money and its characteristics

Money was developed to overcome some of the problems of barter trade.
There are many forms of money viz:
Bank notes and coins
Cheques
Money orders
Bills of exchange
Postal Orders

Legal tender

Bank notes and coins are legal tender.
These are issued […]

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Cheques

By garikaib|2025-02-12T09:10:24+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cheque book showing a cheque. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Money and Banking: Cheques

Cheques

There ar two main types of cheques viz:
Bearer’s cheques.
Order cheques.

Bearer’s cheques An assortment of RBZ issued bearer's cheques. Image credit [...]
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Advantages and disadvantages of large-scale retailing

By garikaib|2025-02-12T09:28:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit spar-international.com ZIMSEC O Level Commerce Notes: Retail Trade: Advantages and disadvantages of large-scale retailing

Advantages of large-scale retailing

The retailers have large amounts of capital which allows them to:

buy goods in bulk on cash at low prices
advertise the goods
operate own transport
build own warehouse
employ specialists
can sell goods at […]

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Other types of warehouses

By garikaib|2025-02-12T09:45:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Goods in a removals warehouse. Image credit office-removals.co.uk ZIMSEC O Level Commerce Notes: Warehousing: Other types of Warehouses

Distribution warehouse

They are used by manufacturers who cannot afford to have their own warehouse to store goods such as clothes and electrical appliances.
They are used […]

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February 2025