May 2019

Commerce: Management Functions: Planning

By |2019-05-07T07:22:51+02:00May 7th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Planning

  • In the introduction we looked at management is
  • To reiterate management can be defined as doing work through others
  • It can also be defined in terms of the functions/duties of a manager
  • Management as an organisational/business activity that involves the planning, organizing, leading/commanding, controlling and coordinating of the […]

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Commerce: Management Functions Introduction

By |2019-05-07T08:57:09+02:00May 6th, 2019|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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April 2019

Commerce: Barriers To Effective Communication

By |2019-04-16T08:24:09+02:00April 15th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:  Communication: Barriers To Effective Communication

  • We have already provided an introduction to communication here
  • We have also looked at what effective communication is here
  • Now we will look at barriers to effective communication
  • Unfortunately not all communication is effective due to communication barriers
  • A communication barrier is an obstacle that […]

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Commerce: Effective Communication

By |2019-04-16T08:27:32+02:00April 15th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:  Communication: Effective Communication

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Commerce: The Communication Process

By |2019-04-16T08:29:37+02:00April 15th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:  Communication: The communication process

  • Communication is the secret sauce of civilisation and makes us who we are
  • Communication can be defined as the exchange of information, ideas, opinions and feelings
  • The process of communication and it’s stages can be shown on a diagram such shown below

communications_model-min

The […]

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Introduction to Enterprises And Entrepreneurs

By |2019-04-14T07:38:11+02:00April 14th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Introduction to Enterprises And Entrepreneurs

  • You will remember that there are four factors of production namely:
    • Land
    • Labour
    • Capital
    • Enterprise/Entrepreneurship
  • While the first three are often made up of tangible resources such as a piece of land, the company’s labour force or a tractor for example
  • The fourth resource (another name for a factor […]

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April 2018

Commerce Notes: The Grain Marketing Board

By |2018-04-14T09:13:27+02:00April 13th, 2018|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Wholesale Trade:The Grain Marketing Board

  • It buys and sells grain from farmers
  • It sells grain to consumers, millers and importers
  • It stores grain in its silos
  • It evens out the supply of grain
  • Prevents shortages of grain
  • Controls the price of grain
  • Collects grain from farmers
  • Controls the price of grain
  • Collects grain from […]

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August 2015

Impotance of Communication

By |2019-04-15T13:59:38+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Communication

  • Communication is important.
  • Enables traders to contact:
  • buyers
  • suppliers
  • employees
  • to receive and send payments.
  • To receive and send orders.
  • To settle queries.
  • To arrange contracts.
  • To lodge complaints.
  • To give and receive information.
  • To give and receive information.
  • Can be through letter, telephone etc.

To access more topics go to the Commerce Notes page.


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Importance of Insurance

By |2017-01-17T11:18:28+02:00August 7th, 2015|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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Importance of Banking

By |2017-01-17T11:18:29+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com

Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Aids to Trade: Banking

Banking

  • Enables making of payments.
  • Enables receiving of payment through cheques, stop order or bill of exchange.
  • Keeps money safe through current, savings, deposit and fixed accounts.
  • Acts as trustees and executors.
  • Acts as underwriters when they buy unsubscribed shares of public […]

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