February 2025

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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Commerce:Invoices

By |2025-02-12T09:07:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC Commerce Notes: Invoices

  • There are two main types of invoices:
  • A proforma invoice and,
  • ordinary invoices.

Proforma invoice

  • Is a document in the form of an invoice.
  • Is send by a supplier to a potential buyer.
  • It may be used as a quotation.
  • It shows terms of payment.
  • It show quantities of goods/services.
  • Is used when goods are send […]
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Advantages and disadvantages of Hire Purchase to the seller

By |2025-02-12T09:30:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Furniture shop. Image credit roomandboard.com Furniture shop. Image credit roomandboard.com ZIMSEC O Level Commerce Notes: Hire Purchase

Details shown on Hire Purchase goods

  • A description of the goods.
  • The cash price of the goods.
  • The total Hire Purchase Price i.e. the cash price + the relevant finance charges
  • The required deposit amount.
  • The amount and number […]
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Bank Payments in Home and Internation Trade

By |2025-02-12T09:09:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Payments in Home and Internation Trade

Bank payments in Home Trade

  • Payments encountered in home trade are made via the following bank services:

Standing or stop order

  • Is a method of payment used to pay fixed amounts to creditor […]
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Discount stores, Voluntary Chains and Tied shops

By |2025-02-12T09:27:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Spar Joina City. Image credit innscorafrica.com Spar Joina City. Image credit innscorafrica.com ZIMSEC O Level Commerce Notes: Retail Trade: Discount stores and Voluntary Chains

Discount Stores

  • a large-scale retail outlet found in and private sector
  • locate in busy shopping areas and out of city centres
  • sells household goods such as electrical appliances
  • operates from cheap […]
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Bonded Warehouses

By |2025-02-12T09:43:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimborderguide.co.zw ZIMSEC O Level Commerce Notes: Warehousing: Bonded Warehouses

Bonded warehouses

  • These are located at ports, boarder posts, large railway stations and big cities.
  • They are privately owned but supervised by the Zimbabwe Revenue Authority […]
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Other advertising media

By |2025-02-12T09:08:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Goods on display. Image credit retaildesignblog.net Goods on a window display. Image credit retaildesignblog.net ZIMSEC O Level Commerce Notes: Advertising: Other advertising media

Window displays

  • These cover window displays and other displays within the shops themselves.
  • Are aimed at customers who wlk in and out of the shop.
  • The displays are meant to encourage […]
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Telephone

By |2025-02-12T09:41:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit globe-views.com Image credit globe-views.com ZIMSEC O Level Commerce Notes: Communication: Telephone

Telephone

  • Rented from Tel One.
  • Allows dialogue between the parties involved.
  • Replies are immediate if the person is present to receive the phone call.
  • Calls can be dialed directly using STD.
  • Calls can be made locally or internationally.
  • Subscribers are allocated unique numbers.
  • Subscriber’s numbers […]
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Vehicle Insurance

By |2025-02-12T09:07:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit netcarshow.com Image credit netcarshow.com ZIMSEC O Level Commerce Notes page: Insurance: Vehicle Insurance

Vehicle insurance.

  • There are many types of vehicle insurance viz:

Third party insurance

  • Is compulsory under the Road Traffic Act (RTA)
  • Applies to motor vehicle insurance.
  • Covers claims from the public who may be injured by the vehicle.
  • Covers public property damaged […]
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