February 2025

Public Limited Companies

By |2025-02-12T09:05:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Econet is an example of a PLC Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Public Limited Companies

Formation

  • Membership is open to the public.
  • Membership is by invitation through a prospectus.
  • Formed by at least two shareholders and there is no upper limit.
  • Governed by the Companies Act.
  • The founding […]
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Local Authorities

By |2025-02-12T09:18:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Harare city council. Image credit bulawayo24.com Harare city council. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Local Authorities

Local authorities

  • Can be a city ( e.g. Harare City Council), rural ( e.g. Mutasa District Council) or district council.
  • Are controlled by the central government.
  • Owned by the local government.
  • Set up to administer a […]
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Importance of Insurance

By |2025-02-12T09:32:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit anu.edu.au Image credit anu.edu.au ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Insurance

Insurance

  • Provides health insurance cover through medical aid scheme and covers:
  • against risks of loss of goods due to fire or theft
  • employees at work through employer’s liability
  • goods in transit
  • embezzlement of funds through fidelity guarantee policy.
  • Bad debts through […]
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Commerce: The Internal Business Environment

By |2025-02-12T09:44:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Internal Business Environment

  • As already mentioned elsewhere businesses do not operate in a vacuum
  • The operations of a business are affected by factors internal and external to it
  • Here we will look at the internal business environment

The internal business environment

  • A business’s internal environment is made up of people known as […]
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Specialisation

By |2025-02-12T09:19:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit fransgaard.com Image credit fransgaard.com ZIMSEC O Level Commerce Notes: Specialisation

Specialisation is a result of division of labour that results in a worker honing their particular skills to become experts.

Benefits of specialisation of labour

  • workers and firms become experts in a particular job
  • training institutions have found it easy to set […]
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Night Safe Facilities and Safe Deposit boxes

By |2025-02-12T09:42:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Safe Deposit Boxes. Image credit expresspage.net Safe Deposit Boxes. Image credit expresspage.net ZIMSEC O Level Commerce Notes: Money and Banking: Night Safe Facilities and Safe Deposit boxes

Night safe- facility

  • Safe guards money for traders who do their business during the night.
  • They lock their money in bags or wallets.
  • The bags are slotted […]
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Advantages and disadvantages of small scale retailers

By |2025-02-12T09:19:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Small scale traders at Mbare Musika. Image credit skyscapercity.com Small scale traders at Mbare Musika. Image credit skyscapercity.com ZIMSEC O Level Commerce Notes: Retail Trade: Advantages and Disadvantages of small scale retailers

Advantages of small scale retailers to Consumers

  •  open for long hours or even during holidays
  • sell a variety of goods
  • cater for individual tastes
  • sell […]
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Send a basket

By |2025-02-12T09:36:48+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Ecoshopper. Image credit techzim.co.zw Ecoshopper. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Send a Basket.

Send a basket

  • the service is offered by cash and carry wholesalers with many branches throughout the country
  • used when a sender wants to purchase for someone located in in another area
  • the service is provided […]
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Radio Media

By |2025-02-12T09:02:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

 

Radio. Image credit sony.com Radio. Image credit sony.com ZIMSEC O Level Commerce Notes: Advertising: Radio

Radio

  • Provides sound
  • Has a personal impact on people’s emotions
  • Has a wide (usually national) coverage.
  • Advertisements can be repeated and timed.
  • The producer can target specific audiences for example certain advertisements can be flighted during certain programs that can appeal […]
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