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

Functions of a Seaport authority

By garikaib|2022-09-15T12:42:59+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A ship docked at Rhizhao seaport. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Functions of a Seaport authority

Functions of a Sea-Port Authority

Ensure that seaports are accessible from the inland by both road and rail.
Ensures efficient handling of both imports […]

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Documents used in Insurance

By garikaib|2022-09-15T12:42:50+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit alleencareer.com Image credit allincareer.com ZIMSEC O Level Commerce Notes: Insurance: Documents used in Insurance

Documents used in insurance

The following documents are used in insurance:

Prospectus.

Shows the types of risks that can be covered.
Shows the name of the insurance company.
Contains premium to be paid.
States compensation to be paid.

Proposal form

An application for […]

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Traditional/General Wholesalers

By garikaib|2022-09-15T12:42:41+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit fool.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Traditional/General Wholesalers

Traditional or General wholesalers.

These wholesalers:
Provide a wide range of merchandise or goods.
Store goods.
Pay cash to manufacturers (finance the manufacturers)
Sell on credit to retailers.
Provide transport to retailers.
Employ sales representatives.
Provide information and advice to […]

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Factor agents in international trade

By garikaib|2022-09-15T12:42:34+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit wordpress.com ZIMSEC O Level Commerce Notes: International trade: Factors

is a mercantile fiduciary who receives and sells goods on commission.
The commission is called a factorage.
Possess the goods they sell.
Sell goods in their own names.
Do not disclose their principal.
Collect goods for sale.
Deliver goods to their customers.
Have insurable […]

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Importance of Consumer protection

By garikaib|2022-09-15T12:42:26+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Consumer protection. Image credit ebony.com ZIMSEC O Level Commerce Notes: Importance of Consumer protection

Importance of consumer protection.

Consumers need to be protected from and against:
Misleading advertisements which make false claims for example, “This herb can cure all forms of ailments including AIDS and Cancer.”
Indecent or immoral […]

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People on the Zimbabwe Stock Exchange

By garikaib|2022-09-15T12:42:13+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Traders at the ZSE. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: People on the Zimbabwe Stock Exchange

The stock broker

Is:

an agent/middleman between members of the public and the stock jobber.
Buys and sells existing shares on behalf of the public.
Gets the best […]

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Articles of Association

By garikaib|2022-09-15T12:42:05+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Articles of Association Sample. Image credit agreements.org ZIMSEC O Level Commerce Notes: Articles of Association

Articles of Association

Is prepared by the founders of the company or their representatives.
Is sent to the Registrar of companies, together with the memorandum of association for approval.
Contains the rules and […]

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Commerce: The Communication Process
Gallery
Commerce: The Communication Process

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The Communication Process

By garikaib|2022-09-15T12:30:28+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Communication: The communication process

Communication is the secret sauce of civilisation and makes us who we are
Communication can be defined as the exchange of information, ideas, opinions and feelings
The process of communication and it’s stages can be shown on a diagram such shown below

communications_model-min The […]

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Money and Banking: Introduction

By garikaib|2022-09-15T12:43:50+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Barter Trade. Image credit passnow.com ZIMSEC O Level Commerce Notes: Money and Banking: Introduction

As already mentioned the development of specialisation led to the development of trade people sought to satisfy their unmet needs and disposed the excess goods and services they had produced.
This led to […]

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