January 2023

Export invoice

By |2022-09-15T12:42:31+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit DHL. Image credit DHL. ZIMSEC O Level Commerce Notes: Export Invoice

Export invoices

  • Prepared from various invoices for goods purchased and expenses incurred (on transportation and warehousing of goods)
  • Summarises the goods bought and expenses incurred.
  • Copies of the original invoices received from suppliers of goods and services are attached to the […]
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Commerce: Partnership Deed

By |2022-09-15T12:42:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit flcker.com Image credit flickr.com ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

  • Drafted by partners.
  • Contains:
  • The objectives of forming the partnership.
  • The amount of capital each partner is going to contribute towards the partnership.
  • Duties, responsibilities and rights of each partner.
  • Terms and conditions under which the partnership operates.
  • Circumstances under which the […]
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Consumer Rights

By |2022-09-15T12:42:01+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit thestylemedic.com Image credit thestylemedic.com ZIMSEC O Level Commerce Notes: Consumer Rights

  • The right to basic human needs:
  • consumers must have access to basic needs such as food, clothing, water, shelter, education and health care.
  • The right to safety:
  • Consumers must be protected against goods and service or production processes which are dangerous […]
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Commerce: Management Functions: Organising

By |2022-09-15T12:30:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Organising

  • During the introduction, we examined what management is
  • We said management is the art of doing work through others
  • Also, it was mentioned that management can be defined in terms of its functions/duties that every manager is expected to perform
  • These functions include planning, organising, coordinating, leading and […]
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Building Societies

By |2022-09-15T12:43:46+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

FBC Building Society. Image credit businessdaily.co.zw FBC Building Society. Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

  • Is a type of a financial institution.
  • A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or […]
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Advantages and Disadvantages of cheques

By |2022-09-15T12:43:34+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit thevoicesproject.org Image credit thevoicesproject.org ZIMSEC O Level Commerce Notes: Money and Banking: Advantages and Disadvantages of cheques

  • Making payments by cheque has several advantages and disadvantages

Advantages of making payments by cheque

  • It is more convenient than carrying cash around.
  • Payments can be stopped if necessary.
  • Cheques are safer if crossed.
  • One does not […]
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E-commerce

By |2022-09-15T12:43:26+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

E commerce. Image credit techniasia.com E commerce. Image credit techniasia.com ZIMSEC O Level Commerce Notes: Retail Trade: E-commerce

  • It is a system of buying and selling goods and services electronically.
  • The system operates through a computer connected to the internet or a television which has satellite connections. The products sold should […]
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Informative advertising

By |2022-09-15T12:43:20+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Informative advert. Image credit econet.co.zw Informative advert. Image credit econet.co.zw ZIMSEC Commerce O Level Notes: Advertising: Informative advertising

  • This is a form of advertising that provides precise detail of goods and services.
  • It is especially used when launching new products, changes in prices and to tell where and how to buy the company’s […]
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