O Level Commerce Notes Archives - Page 21 of 24 - Free ZIMSEC & Cambridge Revision Notes

Functions of Wholesale trade: To the retailers and consumers

By garikaib|2022-09-15T12:42:42+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit enforcecoveragegroup.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Functions of Wholesale trade:To the retailers and consumers

To the retailer

The wholesaler:
Buys in bulk from several manufacturers and producers.
Breaks bulk for retailers i.e. sells goods to retailers in smaller quantities.
Provides retailers with a wider […]

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Bonded warehouses and International Trade

By garikaib|2022-09-15T12:42:35+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMSEC O Level Commerce Notes: Bonded warehouses and International Trade

Bonded Warehouses are also looked at under the Warehousing Topic here.

Why customs authorities control bonded warehouses

Bonded warehouses are used to store […]

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Functions of the Zimbabwe International Trade Fair ( ZITF)and Export Processing Zones Authority (EPZA)

By garikaib|2022-09-15T12:42:27+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZITF exhibition. Image credit radiodialogue.com ZIMSEC O Level Commerce Notes: Functions of the Zimbabwe International Trade Fair ( ZITF)and Export Processing Zones Authority (EPZA)

Functions of the Zimbabwe International Trade Fair ( ZITF)

The fair is advertised extensively both locally and internationally.
Facilitates trade between Zimbabwean and Foreign companies.
Enables local and […]

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Multinational Companies

By garikaib|2022-09-15T12:42:15+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delta is a local example of an MNC. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Multinational Companies

Features

Also known as Trans-national companies.
They are found in the private sector.
They are large limited liability businesses which have:
subsidiaries operating in other […]

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Reasons why Parastatals are turned into Public Limited companies (privatised)

By garikaib|2022-09-15T12:42:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dairibord Milk. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Reasons why Parastatals are turned into Public Limited companies (privatised)

Reasons why parastatals are converted into public limited companies.

To reduce the burden on the taxpayer for example parastatals are often subsidised using tax-payer’s money.
To improve efficiency of […]

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Impotance of Communication
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Impotance of Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Impotance of Communication

By garikaib|2022-09-15T12:41:58+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Communication

Communication is important.
Enables traders to contact:
buyers
suppliers
employees
to receive and send payments.
To receive and send orders.
To settle queries.
To arrange contracts.
To lodge complaints.
To give and receive information.
To give and receive information.
Can be through letter, telephone etc.

To access more topics go to the Commerce Notes page.

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Commerce: The External Business Environment
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Commerce: The External Business Environment

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The External Business Environment

By garikaib|2022-09-15T12:30:16+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The External Business Environment

In addition to internal factors that affect the operations of a business
There are external factors which also exert their influence
These external factors together constitute the external business environment
The external environment is sometimes known as PESTEL
This stands for the various components that make up a […]

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Factors of Production
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Factors of Production

Notes, O Level Commerce Notes, Ordinary Level Notes

Factors of Production

By garikaib|2022-09-15T12:43:51+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Factors of Production

The four factors of production act as inputs during the production process.
They are also generally known as resources.

To access more topics go to the Commerce Notes page.

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Credit Cards

By garikaib|2022-09-15T12:43:42+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Details on a credit card. Image credit psdgraphics.com ZIMSEC O Level Commerce Notes: Money and Banking: Credit Cards

Bank Credit Cards

They all a customer or cardholder to buy on credit up to a limited amount on card.
Are used to draw cash from the […]

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Supermarkets

By garikaib|2022-09-15T12:43:30+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

PicknPay supermaket. Picture by Source PicknPay supermarket. Picture by Source

ZIMSEC O Level Commerce Notes: Retail Trade: Supermarkets

Supermarket

A large shop with a minimum floor area of 186 square meters, sells household goods and grocery on a cash and carry basis. They are mainly situated in busy areas like suburbs and […]

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January 2023