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

Trade and Cash discounts

By garikaib|2025-02-12T09:29:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit seawaytrail.com ZIMSEC O Level Commerce Notes: Retail Trade: Trade and Cash discounts

Trade discount

a gross deduction from the gross invoice or catalog price
given by one trader to another
varies with the quantity and type of goods purchased and is deducted at the point of sale
usually the rate […]

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Introduction, Purpose and importance of Advertising

By garikaib|2025-02-12T08:56:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet Advert. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Advertising: Introduction, Purpose and importance of Advertising

Advertising

It is the act or practice of calling public attention to one’s product, service, need, etc.,

Purpose/Importance of advertising to consumers

It informs consumers about the following:
The prices of various goods […]

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Disadvantages of Advertising

By garikaib|2025-02-12T09:13:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cadbury Advertisement. Image credit jtresca.com ZIMSEC O Level Commerce Notes: Advertising: Disadvantages of Advertising

The disadvantages of advertising to consumers.

It leads to overspending
It leads to impulse buying
It leads to higher prices if advertising campaign is unsuccessful.
Advertised goods may be harmful.
Some advertisements may be false, […]

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Roll on Roll off (RoRo) Ships

By garikaib|2025-02-12T09:27:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A RoRo ship loading. Image credit venice.it ZIMSEC O Level Commerce Notes: Transport: Roll on Roll off (RoRo) Ships

Roll on Roll off (Ro-Ro) ships

These are specialised types of vessels.
They allow lorries or vehicles loaded with their own cargo to:
to be driven onto the ship (roll […]

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Fax (Facsimile)

By garikaib|2025-02-12T09:43:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Fax Machine. Image credit cultarmix.com ZIMSEC O Level Commerce Notes: Communication: Fax (Facsimile)

Facsimile (Fax)

The machine consists of a photocopier and a telephone circuit.
Fast way of sending and receiving information.
Used when speed is required.
Produces information as it is (exact copies/replicas of the send documents are received)
Ideal for […]

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Life Assurance

By garikaib|2025-02-12T09:09:29+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Life Assurance. Image credit afterjujuman.com ZIMSEC O Level Commerce Notes: Insurance: Life Insurance

Life assurance

Covers against events that will certainly occur e.g. death.
The principle of indemnity does not apply.
Benefits are paid to spouses and children who are the beneficiaries of the policy.

Whole life policy.

One assures his/he […]

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Difficulties faced by importers and exporters

By garikaib|2025-02-12T09:22:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

The dreaded Somali Pirates. Image credit slate.com ZIMSEC O Level Commerce Notes: Difficulties faced by importers and exporters

Different languages
Language is a barrier in international trade because it leads to communication problems.
There is a need to translate information or instructions from one language to […]

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Consular invoice

By garikaib|2025-02-12T09:39:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit jaicourtney.net ZIMSEC O Level Commerce Notes: Consular invoice

Consular invoice

Assist customs officials to calculate customs duty where duty is charged on the value of imported goods.
Signed by a consul of the importing country certifying and confirming that the prices of the goods are correct:
prices of the […]

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Commerce Notes:Partnership Act

By garikaib|2025-02-12T09:02:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit ndlink.org ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Act

Where a Partnership Deed has not been drafted, the Partnership Act is applicable
It is enacted by Parliament.
The Act sets out the following provisions:
the partners must contribute equal amounts of capital.
Any disputes must be settled by a majority […]

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