February 2025

Visible and Invisible trade

By |2025-02-12T09:21:22+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Visible Trade. Image credit Maltatoday.com Visible Trade. Image credit Maltatoday.com ZIMSEC O Level Commerce Notes:Visible and Invisible trade

Invisible trade

  • Trade in services only e.g. tourism, freight, insurance.
  • Calculated for given periods of time, usually one year.
  • Invisible balance= exported services value-minus imported services value.
  • For example Tourists coming to Zimbabwe $25 million.
  • Banking services provided […]
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Export invoice

By |2025-02-12T09:37:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit DHL. Image credit DHL. ZIMSEC O Level Commerce Notes: Export Invoice

Export invoices

  • Prepared from various invoices for goods purchased and expenses incurred (on transportation and warehousing of goods)
  • Summarises the goods bought and expenses incurred.
  • Copies of the original invoices received from suppliers of goods and services are attached to the […]
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Commerce: Partnership Deed

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

Image credit flcker.com Image credit flickr.com ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

  • Drafted by partners.
  • Contains:
  • The objectives of forming the partnership.
  • The amount of capital each partner is going to contribute towards the partnership.
  • Duties, responsibilities and rights of each partner.
  • Terms and conditions under which the partnership operates.
  • Circumstances under which the […]
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Consumer Rights

By |2025-02-12T09:28:42+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit thestylemedic.com Image credit thestylemedic.com ZIMSEC O Level Commerce Notes: Consumer Rights

  • The right to basic human needs:
  • consumers must have access to basic needs such as food, clothing, water, shelter, education and health care.
  • The right to safety:
  • Consumers must be protected against goods and service or production processes which are dangerous […]
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Commerce: Management Functions: Organising

By |2025-02-12T09:25:21+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Organising

  • During the introduction, we examined what management is
  • We said management is the art of doing work through others
  • Also, it was mentioned that management can be defined in terms of its functions/duties that every manager is expected to perform
  • These functions include planning, organising, coordinating, leading and […]
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Building Societies

By |2025-02-12T09:34:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

FBC Building Society. Image credit businessdaily.co.zw FBC Building Society. Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

  • Is a type of a financial institution.
  • A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or […]
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Advantages and Disadvantages of cheques

By |2025-02-12T09:13:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit thevoicesproject.org Image credit thevoicesproject.org ZIMSEC O Level Commerce Notes: Money and Banking: Advantages and Disadvantages of cheques

  • Making payments by cheque has several advantages and disadvantages

Advantages of making payments by cheque

  • It is more convenient than carrying cash around.
  • Payments can be stopped if necessary.
  • Cheques are safer if crossed.
  • One does not […]
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E-commerce

By |2025-02-12T09:30:08+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

E commerce. Image credit techniasia.com E commerce. Image credit techniasia.com ZIMSEC O Level Commerce Notes: Retail Trade: E-commerce

  • It is a system of buying and selling goods and services electronically.
  • The system operates through a computer connected to the internet or a television which has satellite connections. The products sold should […]
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