O Level Commerce Notes Archives - Page 3 of 24 - Free ZIMSEC & Cambridge Revision Notes

Advertising techniques

By garikaib|2022-09-15T12:43:12+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Romantic Wine advertisement. Image credit forwallpaper.com ZIMSEC O Level Commerce Notes: Advertising: Techniques used in advertising

Techniques used in advertising

In order to make advertising more effective and appealing to consumers various techniques are employed including:
Ambition-This is when a successful person is sued to advertise the […]

Comments Off

Documents used in shipping: Charter Party

By garikaib|2022-09-15T12:43:05+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A time charter. Image credit lawandsea.net ZIMSEC O Level Commerce Notes: Transport: Documents used in shipping: Charter Party

Charter Party.

A contract document used to hire a ship for example tramp ships.
It can be known as a voyage charter when hiring a ramp for a specific […]

Comments Off

Cellphone

By garikaib|2022-09-15T12:42:55+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Examples of modern day cellphones. Image credit egadget.com ZIMSEC O Level Commerce Notes: Communication: Cellphone

Cellular telephone.

Used when speed is required.
Allows dialogue.
Subscriber can dial or receive calls from another subscriber or telephone subscribers
Can receive multiple calls at the same time by putting them […]

Comments Off

Other forms of insurance: Accident, health,funeral assurance

By garikaib|2022-09-15T12:42:45+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Funeral. Image credit mentalfloss.com ZIMSEC O Level Commerce Notes: Insurance: Accident and health insurance,funeral assurance

Accident insurance

There are two forms of accident insurance:
Personal accident insurance and
Group accident insurance

Personal accident

Is taken by individuals.
It covers against total disability arising from accidents e.g. sports stars or surgeons.

Group accident.

Taken by a […]

Comments Off

Balance of Payments

By garikaib|2022-09-15T12:42:37+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Balance of payments. Image credit therecordingrevolution.com ZIMSEC O Level Commerce Notes: Balance of Payments (B.O.P)

Balance of payments (B.O.P)

This is the difference between Zimbabwe’s total earnings (receipts) and total expenditure.
Exported goods and services less imported goods and services.
It is calculated for a given year.
When the […]

Comments Off

Certificate of origin

By garikaib|2022-09-15T12:42:30+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kkfreight.com ZIMSEC O Level Commerce Notes: Certificate of Origin

Certificate of origin

Specifies the name of the country which goods being exported have been manufactured e.g. Made in China.
Required for the assessment of amount of duty to be charged on imports from the country of origin.
Required when customs […]

Comments Off

Commerce: Advantages and Disadvantages of Partnerships

By garikaib|2022-09-15T12:42:20+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit registrogiulia.info ZIMSEC O Level Commerce Notes: Advantages and Disadvantages of Partnerships

Advantages

Management is duties are shared amongst the partners.
More capital can be raised.
More skills are available resulting in better quality decision making.
Specialisation is possible.
Partners can consult one another.
There are fewer legal formalities.
Losses are shared amongst partners.

Disadvantages

Disputes may […]

Comments Off

PBC: Statement of Incorporation

By garikaib|2022-09-15T12:42:08+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit resourcefulrealacademy.com ZIMSEC O Level Commerce Notes: PBC: Incorporation Statement

Is prepared and drafted by a PBC.
Contains:
the name of the PBC ending with the words Private Business Corporation or PBC.
Postal address of the PBC.
Physical address of the registered office.
Full name and National Identity number of each […]

Comments Off

Importance of Transport

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

An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Aids to Trade: Transport

Enables one to carry:
raw materials.
Finished goods.
Partly finished goods.
Spare parts.
Equipment and machinery.
Executives.
Sales persons whilst at work.
Workers to and from work.
Can be used to advertise.
Goods can be carried by road, rail, air,sea, pipeline.
Ives […]

Comments Off

Commerce: Management Functions: Controlling
Gallery
Commerce: Management Functions: Controlling

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Controlling

By garikaib|2022-09-15T12:30:20+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Controlling

In our introduction to management, we defined what management is
In simple terms, management is the art of doing work through others
However, management can also be defined in terms of its functions
These functions are the duties that a typical manager is expected to perform regardless of their […]

Comments Off

January 2023