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

Tramp ships

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

Tramp ship carrying containers. Image credit ecuadoratyourservice.com ZIMSEC O Level Commerce Notes: Transport: Tramp ships

Tramps

Cargo ships which are for hire.
They can be hired for a specific time and journey.
They trade on the spot market.
They can be chartered at the Baltic Exchange in […]

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Exports Credit Guarantee Department (ECGD)

By garikaib|2025-02-12T09:07:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit ncbcp.org ZIMSEC O Level Commerce Notes: Insurance: Exports Credit Guarantee Department (ECGD)

Also known as Export Credit Guarantee Corporation (ECGC)in Zimbabwe.
Covers risk of non payment by importers due to:
lack of foreign currency.
Political instability.
Outbreak of war.
Overseas state interferences.
Provides comprehensive policies to cover the whole of export businesses […]

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Marketing Boards

By garikaib|2025-02-12T09:17:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tobacco field. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Wholesale Trade: Marketing Boards

Reasons for setting up Marketing Boards.

These are set up by the government for the following reasons:
To store agricultural produce.
To reduce monopolies in the selling a certain strategic goods.
To control the selling and buying […]

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Export and Import merchants

By garikaib|2025-02-12T09:35:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

Perform the functions of traders (i.e. wholesalers or retailers).
Buy goods from local manufacturers.
Sell these goods abroad.
Buy and sell goods in their own names.
Sell goods at a profit.
Pay cash immediately for goods bought.
Reduce manufactures’ problems by exporting […]

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Commerce Introduction to Businesses

By garikaib|2025-02-12T08:59:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit orangeblob.com ZIMSEC O Level Commerce: Commerce Introduction to Businesses

Business refers to:
Activities carried out in order to make profit for example:
manufacturing goods for sale.
Providing services e.g. Hotels.
Extracting minerals such as gold.
Farming produce for sale.
Business entities/organisations can be divided into two groups i.e. private and public sector […]

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Differences between shares and debentures

By garikaib|2025-02-12T09:11:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Debenture certificate. Image credit catawiki.com ZIMSEC O Level Commerce Notes: Differences between shares and debentures

To access more topics go to the Commerce Notes page.

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Terms used in business organisations

By garikaib|2025-02-12T09:25:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit tooopen.com ZIMSEC O Level Commerce Notes: Terms used in business organisations

“Private”

Membership to a private limited company is by invitation.
Shares of a private limited company are onlys sold to invited members for example friends and relatives.
Shares cannot be sold or bought on the Zimbabwe Stock Exchange […]

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Commerce: Management Functions Introduction
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Commerce: Management Functions Introduction

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions Introduction

By garikaib|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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