O Level Commerce Notes Archives - Page 20 of 24 - Free ZIMSEC & Cambridge Revision Notes

Commerce: Benefits of Beneficiation And Value Addition
Gallery
Commerce: Benefits of Beneficiation And Value Addition

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Benefits of Beneficiation And Value Addition

By garikaib|2025-02-12T09:40:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Benefits of Beneficiation And Value Addition

The meaning and nature of beneficiation and value addition can be found here
Value addition refers to the enhancement of a product’s value usually through the manufacturing process
Beneficiation refers to value addition in the mining sector
There are benefits to carrying out beneficiation and […]

Comments Off

Forms of production

By garikaib|2025-02-12T09:17:39+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Subsistence farming is an example of direct production. Image credit weebly.com ZIMSEC O Level Commerce Notes: Forms of Production

Direct production
-This is when one produces goods and services for their own consumption for example subsistence farming or a tailor making […]

Comments Off

Bank Loans and Overdrafts

By garikaib|2025-02-12T09:39:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit forexsiteds.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Loans and Overdrafts

Bank Overdrafts

Are an informal way of borrowing money.
They are given to current account holders only.
Are a short term form of borrowing.
Interest is charged daily on the amounts owing.
The interest rate levied on these […]

Comments Off

Retailers and their functions

By garikaib|2025-02-12T09:17:30+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

OK Zimbabwe operates one of the country’s most popular retail chains. Image from the Chronicle. ZIMSEC O Level Commerce Notes: Retail Trade: Retailers and their functions

Retail means to cut into small pieces or to reduce to smaller quantities.
A […]

Comments Off

Pre-packaging

By garikaib|2025-02-12T09:34:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit efroschheiser.blogse.nl Image credit efroschheiser.blogse.nl ZIMSEC O Level Commerce Notes: Retail Trade: Prepackaging

Packaging

refers to the practice of placing goods into containers by the manufacturers, retailers and wholesalers.

Advantages of pre-packing

goods become easier to display
some packaging protects goods against damage
prevents goods from deteriorating
reduces soiling of goods from constant consumer handling
allows branding […]

Comments Off

Advertising agencies

By garikaib|2025-02-12T09:01:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit su.edu. ZIMSEC O Level Commerce Notes: Advertising: Advertising agencies

Many business organisations hire outside advertising agencies.
Advertising agencies have specialised staff to help with all the neccessary advertising requirements that other businesses might have.
A lot of business organisations cannot afford to have their own full time advertising […]

Comments Off

Factors which affect the mode of transport

By garikaib|2025-02-12T09:16:31+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A goods truck. Image credit continental-truck-tires.com ZIMSEC O Level Commerce Notes: Transport: Factors which affect the mode of transport

Factors which determine the mode of transport to carry goods

The nature of the goods:
For example perishable goods such as bread and meat needs fast transport e.g. […]

Comments Off

Surface and Airmail

By garikaib|2025-02-12T09:31:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Airmail envelope. Image credit prexie-era.org ZIMSEC O Level Commerce Notes: Communication: Surface and Airmail

Both forms of mail are often colloquially referred to as snail mail.

Surface mail

mail is sent by land to its destination.
Ordinary envelopes are used.
The postage cost is low.
The delivery time is […]

Comments Off

Importance of statistics to insurance

By garikaib|2025-02-12T08:58:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit dhariya.com ZIMSEC O Level Commerce Notes: Insurance: Importance of statistics to insurance

Importance of statistical records in insurance.

Actuaries make extensive use of statistics in insurance
Insurance contracts are based on the statistics.
Risk is asses to determine whether:
It can be accepted or not.
Help in determining a fair premium.
At […]

Comments Off

Functions of insurance underwriters

By garikaib|2025-02-12T09:11:57+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Old Mutual. Image credit thezimbabwedaily.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance underwriters

Functions of underwriters.

Are insurers (insurance companies) who provide insurance cover.
Assess risks (examine details in the proposal form)
Cover or accept risks by:
Singing their names against risks they have agreed to cover.
Charge and […]

Comments Off

February 2025