February 2025

Commerce: Beneficiation And Value Addition/ Added Value

By |2025-02-12T09:30:49+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Beneficiation And Value Addition/ Added Value

  • One of the reasons why developing countries lag behind developed countries is due to the imbalance of trade
  • Developing countries export mainly raw unprocessed materials which have a low price per unit
  • On the other hand developed countries export back high value processed materials
  • This means […]
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Introduction

By |2025-02-12T09:15:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Airbus 380 being assembled Airbus 380 being assembled. Image credit themanufacturer.com ZIMSEC O Level Commerce Notes: Production: Introduction:Good and Services

  • Production-is the provision of goods and services to satisfy human needs and wants.

Goods and Services (Products)

  • goods– these are tangible items with physical attributes for example a car.
  • Goods can be classified as:
  • durable […]
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Commercial Banks

By |2025-02-12T09:38:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: Commercial Banks

Commercial Banks

  • Is a bank that offers services to the general public and to companies.
  • For example Barclays, Standard Chartered, Stanbic and BancABC.

Services offered

  • They accept deposits in the form of current, savings and fixed deposits accounts.
  • They receive or make payments through cheques, direct debit and credit transfers.
  • They […]
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Factors to consider when locating a retail outlet

By |2025-02-12T09:16:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit barndesinging.com Image credit barndesinging.com ZIMSEC O Level Commerce Notes: Retail Trade: Setting up a retail outlet

Factors to consider when establishing a retail outlet

  • adequate capital to start the business
  • the demand for the goods to be sold
  • good management skills
  • accessibility to the retail outlet for example is it close to the […]
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Differences between persuasive and informative advertising

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

Image credit braningstrategyinsider.com Image credit braningstrategyinsider.com ZIMSEC O Level Commerce Notes: Advertising: Differences between persuasive and informative advertising

As has already been noted there are a number of differences between persuasive advertising and informative advertising.

The table below provides a precise and comprehensive comparison of the two types of advertising and clearly […]

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Transport Modes: Rail

By |2025-02-12T09:15:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Rail.

Rail transport.

Advantages.

  • Fast over long distances.
  • Is cheap over long distances.
  • Suitable for carrying:
  • heavy goods […]
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Communication introduction and its importance

By |2025-02-12T09:30:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Communication. Image credit wordpress.com Communication. Image credit wordpress.com ZIMSEC O Level Commerce Notes: Communication: Communication introduction and its importance

  •  is the imparting or exchanging of information or news.
  • In Commerce communication refers to the sending and receiving information from one person to another through postal or telecommunication services.

The importance of communication

  • Allows the sending […]
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Introduction,basic concepts and importance of insurance

By |2025-02-12T08:57:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit moneychoice.org Image credit moneychoice.org ZIMSEC O Level Commerce Notes: Insurance: Introduction,basic concepts and importance of insurance

  • Insurance is the pooling of risks.
  • an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of […]
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Functions of insurance brokers

By |2025-02-12T09:11:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Insurance brokers. Image credit imagefiesta.com Insurance brokers. Image credit imagefiesta.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance brokers

Functions of insurance brokers.

  • They bring into contact the public seeking insurance cover and insurance companies.
  • Are agents of insurance companies.
  • Gather information on insurance companies or types of policies that these offer.
  • Give expert advice […]
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