February 2025

Reasons for the elimination of wholesalers

By |2025-02-12T09:17:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large retail shop. Image credit siemens.com Large retail shop. Image credit siemens.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Reasons for the elimination of wholesalers

Reasons for the elimination of the wholesaler.

  • Bulk buying by large scale retail organisations such as multiple shops, hypermarkets and department stores who have:
  • Adequate capital to buy on cash
  • Have […]
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Export and Import merchants

By |2025-02-12T09:35:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit importingmadeasy.com Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

  • Perform the functions of traders (i.e. wholesalers or retailers).
  • Buy goods from local manufacturers.
  • Sell these goods abroad.
  • Buy and sell goods in their own names.
  • Sell goods at a profit.
  • Pay cash immediately for goods bought.
  • Reduce manufactures’ problems by exporting […]
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Commerce Introduction to Businesses

By |2025-02-12T08:59:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit orangeblob.com Image credit orangeblob.com ZIMSEC O Level Commerce: Commerce Introduction to Businesses

  • Business refers to:
  • Activities carried out in order to make profit for example:
  • manufacturing goods for sale.
  • Providing services e.g. Hotels.
  • Extracting minerals such as gold.
  • Farming produce for sale.
  • Business entities/organisations can be divided into two groups i.e. private and public sector […]
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Terms used in business organisations

By |2025-02-12T09:25:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit tooopen.com Image credit tooopen.com ZIMSEC O Level Commerce Notes: Terms used in business organisations

“Private”

  • Membership to a private limited company is by invitation.
  • Shares of a private limited company are onlys sold to invited members for example friends and relatives.
  • Shares cannot be sold or bought on the Zimbabwe Stock Exchange […]
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Commerce: Management Functions Introduction

By |2025-02-12T09:21:59+02:00February 12th, 2025|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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Advantages and disadvantages of Hire Purchase to the buyer

By |2025-02-12T09:29:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A furniture store. Image credit householddesigns.rock A furniture store. Image credit householddesigns.rock ZIMSEC O Level Commerce Notes: Hire Purchase

Advantages to buyer

  • There is no need for the buyer to raise the full purchase amount at once.
  • The buyer can use the goods while paying for them.
  • The profits generated from using the good(s) […]
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