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

May 2019

Commerce: Management Functions: Planning
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Commerce: Management Functions: Planning

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Planning

By garikaib|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
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Commerce: Management Functions Introduction

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions Introduction

By garikaib|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
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Commerce: Barriers To Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Barriers To Effective Communication

By garikaib|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
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Commerce: Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Effective Communication

By garikaib|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

We have already looked at the basics of the communication process here
As mentioned in that introduction communication occurs between a sender and receiver
We have also looked at the importance of communication to commerce and businesses here
For communication to be useful it has to be effective
Communication […]
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Commerce: The Communication Process
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Commerce: The Communication Process

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The Communication Process

By garikaib|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
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Introduction to Enterprises And Entrepreneurs

Notes, O Level Commerce Notes, Ordinary Level Notes

Introduction to Enterprises And Entrepreneurs

By garikaib|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
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Commerce Notes: The Grain Marketing Board

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce Notes: The Grain Marketing Board

By garikaib|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
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Impotance of Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Impotance of Communication

By garikaib|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 garikaib|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 garikaib|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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ZIMSEC has extended the November 2021 registration deadlines