February 2025

Methods used to correct an unfavourable Balance of Payment

By |2025-02-12T09:24:40+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

South African border post. Image credit drivesouthafrica.co.za South African border post. Image credit drivesouthafrica.co.za ZIMSEC O Level Commerce Notes: Methods used to correct an unfavourable Balance of Payment

Methods and ways of correcting an unfavourable balance of payments.

  • The government of Zimbabwe may use the following ways to correct its BOP if its unfavourable […]
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Certificate of insurance

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

Image credit generalmills.com Image credit generalmills.com ZIMSEC O Level Commerce Notes: Certificate of insurance

Certificate of insurance

  • Provides proof that the goods being transported have been insured.
  • Has to be produced when making a claim to the insurance company, if a risk insured against has occurred.
  • Can be an open (floating) insurance policy.
  • To cove […]
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Private Limited Companies

By |2025-02-12T09:04:24+02:00February 12th, 2025|O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Dell Private Limited. Image credit freshhotjobs.com Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Private Limited Companies

  • Its operations are governed by the Companies Act.
  • Formed by 2-50 shareholders.
  • In other countries a company is formed by 2 or more people with no maximum number of shareholders.
  • Has a […]
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Trade Association

By |2025-02-12T09:16:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ACCA Offices. Image credit applepieghana.com ACCA Offices. Image credit applepieghana.com ZIMSEC O Level Commerce Notes: Trade Associations

Is:

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Importance of Warehousing

By |2025-02-12T09:30:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large scale retailer's warehouse. Image credit www.restaurantdepot.com Large scale retailer’s warehouse. Image credit www.restaurantdepot.com ZIMSEC O Level Commerce Notes: Aids to Trade: Warehousing

Warehousing

  • Enables the safe storage of:
  • raw materials
  • equipment and machinery
  • finished goods
  • partly finished goods
  • spare parts
  • goods in transit.
  • Enables raw materials to be ordered ahead of demand.
  • Enables continuous production of goods.
  • Enable goods to be […]
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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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