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

Functions of a Seaport authority

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

A ship docked at Rhizhao seaport. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Functions of a Seaport authority

Functions of a Sea-Port Authority

Ensure that seaports are accessible from the inland by both road and rail.
Ensures efficient handling of both imports […]

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Documents used in Insurance

By garikaib|2025-02-12T09:04:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit alleencareer.com Image credit allincareer.com ZIMSEC O Level Commerce Notes: Insurance: Documents used in Insurance

Documents used in insurance

The following documents are used in insurance:

Prospectus.

Shows the types of risks that can be covered.
Shows the name of the insurance company.
Contains premium to be paid.
States compensation to be paid.

Proposal form

An application for […]

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Traditional/General Wholesalers

By garikaib|2025-02-12T09:15:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit fool.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Traditional/General Wholesalers

Traditional or General wholesalers.

These wholesalers:
Provide a wide range of merchandise or goods.
Store goods.
Pay cash to manufacturers (finance the manufacturers)
Sell on credit to retailers.
Provide transport to retailers.
Employ sales representatives.
Provide information and advice to […]

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Del Credere agents

By garikaib|2025-02-12T09:33:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit uthmag.com ZIMSEC O Level Commerce Notes: International trade: Del Credere Agents

Del credere agents.

Del credere is Italian for “to trust”
Possess the goods they sell.
Have insurable interest on the goods in their possession
Sell goods on behalf of their principals.
Sell goods in their own names.
Deliver goods to […]

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How the government protects consumers

By garikaib|2025-02-12T08:57:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit madamenoire.com ZIMSEC O Level Commerce Notes: How the government protects consumers

The Government

The government via Parliament passes various ACTS to protect consumers including:
The Hire Purchase Act which guards against unfair and unlawful repossession of goods bought on credit.
Consumer Safety Act which ensures that products are safe […]

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Dairboard Limited Zimbabwe

By garikaib|2025-02-12T09:10:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dairibord Milk. Image credit herald.co.zw

www.herald.co.zw/firms-manoeuvre-past-the-dollar/ ZIMSEC O Level Commerce Notes: Business Organisations: Dairboard Limited Zimbabwe

Dairibord Zimbabwe Limited.

Buys, collects and stores milk from registered farmers.
Pasteurises and packs milk.
Processes milk into milk products for example cheese.
Markets milk and milk products both locally and internationally.
Conducts research and promotes developments […]

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Certificate of incorporation,Statutory declaration and Certificate of Trading

By garikaib|2025-02-12T09:21:06+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Certificate of incorporation. Image credit elevator-escalator.com

ZIMSEC O Level Commerce Notes:Certificate of incorporation,Statutory declaration and Certificate of Trading

Certificate of incorporation

Is prepared by the Registrar of companies.
Is sent to a company which applied for registration.
Contains:
the date and place where the company was registered.
The […]

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Commerce: Effective Communication
Gallery
Commerce: Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Effective Communication

By garikaib|2025-02-12T08:59:17+02:00February 12th, 2025|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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Money and Banking: Introduction

By garikaib|2025-02-12T09:26:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Barter Trade. Image credit passnow.com ZIMSEC O Level Commerce Notes: Money and Banking: Introduction

As already mentioned the development of specialisation led to the development of trade people sought to satisfy their unmet needs and disposed the excess goods and services they had produced.
This led to […]

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