February 2025

Telebanking

By |2025-02-12T09:05:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Telebanking. Image credit coastal24.com Telebanking. Image credit coastal24.com ZIMSEC O Level Commerce Notes: Money and Banking: Telebanking

Telebanking

  • This is a service offered by banks that allow customers to make enquiries or give instructions concerning their accounts over the phone.
  • Instructions are usually given by customers who operate call accounts.
  • When customers open call […]
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Department Store

By |2025-02-12T09:22:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Greatermans. Image credit finacialgazette.co.zw Greatermans. Image credit finacialgazette.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Department store

Department store

  • a multistory building with several shops under one roof
  • located in the city centre where land is more expensive
  • sells a wide range of goods in different  departments
  • each department sells one line of goods
  • the buyer […]
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Manufacturer’s warehouse depot

By |2025-02-12T09:40:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Tools in a warehouse. Image credit tools-warehouse.co.uk Tools in a warehouse. Image credit tools-warehouse.co.uk ZIMSEC O Level Commerce Notes: Warehousing: Manufacturer’s warehouse depot

Manufacturers’s warehouse depot

  • They are used to store equipment and spares.
  • They are used to store finished manufactured goods.
  • They are used to store raw materials to be used in the […]
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Advertising Media:Magazines

By |2025-02-12T09:05:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Magazine stand. Image credit blogspot.com Magazine stand. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media:Magazines

Magazines

  • Advertisements in magazines may be:
  • In colour for greater impact.
  • Detailed.
  • Repeated if necessary.
  • Of high quality production.
  • Passed on to other readers
  • Made to cater for selected audiences.
  • The cost per each exposure is very low.
  • They provide a wide […]
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Functions of an airport authority (CAAZ)

By |2025-02-12T09:20:43+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Harare International Airport at night. Image credit halbeegnews.net Harare International Airport at night. Image credit halbeegnews.net ZIMSEC O Level Commerce Notes: Transport: Functions of an airport authority (CAAZ)

Functions of an airport authority.

  • As already said above the Civil Aviation Authority […]
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Functions of a Seaport authority

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

Wholesale shop. Image credit fool.com 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 |2025-02-12T09:33:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit uthmag.com 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 |2025-02-12T08:57:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit madamenoire.com 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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