February 2025

Excise Duty and the calculation of duty

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

Image credit sofiaecho.com Image credit sofiaecho.com ZIMSEC O Level Commerce Notes: Excise Duty

Why excise duty is paid?

  • Excise duty is taxed on certain specified home produced goods for example tobacco meant for consumption in the home market in order to:
  • Raise revenue for the government.
  • Discourage consumption of dangerous products.
  • Reduce domestic demand.
  • Release more […]
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Functions of of Zim-Trade ( Government promotion of foreign trade)

By |2025-02-12T09:45:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zim-Trade expo. Image credit europa.eu Zim-Trade expo. Image credit europa.eu ZIMSEC O Level Commerce Notes: Functions of of Zim-Trade ( Government promotion of foreign trade)

Function of Zim-Trade ( Government promotion of foreign trade)

  • Carries out market research in other countries to ascertain whether or not to export to those countries.
  • Examines and […]
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Advantages and Disadvantages of Multinational Companies

By |2025-02-12T09:07:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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

Advantages

  • Pays taxes to increase revenue for the host government.
  • Creates employment to local people.
  • Brings the latest technology to the […]
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Prospectus

By |2025-02-12T09:18:56+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Prospectus. Image credit docstoc.com Prospectus. Image credit docstoc.com ZIMSEC O Level Commerce Notes: Prospectus(privatised)

 

Prospectus

  • Is prepared by founders of the company or an issuing house after the registration of a public limited company.
  • Is sent for approval to the registrar of companies before members of the public are invited to subscribe for […]
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Commerce Notes: The Grain Marketing Board

By |2025-02-12T09:24:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Wholesale Trade:The Grain Marketing Board

  • It buys and sells grain from farmers
  • It sells grain to consumers, millers and importers
  • It stores grain in its silos
  • It evens out the supply of grain
  • Prevents shortages of grain
  • Controls the price of grain
  • Collects grain from farmers
  • Controls the price of grain
  • Collects grain from […]
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Commerce: Advantages And Disadvantages Of Being An Entrepreneur

By |2025-02-12T09:13:36+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advantages And Disadvantages Of Being An Entrepreneur

  • We have looked at what an entrepreneur is here
  • Now we will look at the advantages and disadvantages of being an entrepreneur
  • Running your own business obviously has its own advantages

Advantages of being an entrepreneur

  • If you are an entrepreneur you become your own […]
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