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

Disadvantages of Advertising

By garikaib|2022-09-15T12:43:13+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cadbury Advertisement. Image credit jtresca.com ZIMSEC O Level Commerce Notes: Advertising: Disadvantages of Advertising

The disadvantages of advertising to consumers.

It leads to overspending
It leads to impulse buying
It leads to higher prices if advertising campaign is unsuccessful.
Advertised goods may be harmful.
Some advertisements may be false, […]

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Roll on Roll off (RoRo) Ships

By garikaib|2022-09-15T12:43:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A RoRo ship loading. Image credit venice.it ZIMSEC O Level Commerce Notes: Transport: Roll on Roll off (RoRo) Ships

Roll on Roll off (Ro-Ro) ships

These are specialised types of vessels.
They allow lorries or vehicles loaded with their own cargo to:
to be driven onto the ship (roll […]

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Fax (Facsimile)

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

Fax Machine. Image credit cultarmix.com ZIMSEC O Level Commerce Notes: Communication: Fax (Facsimile)

Facsimile (Fax)

The machine consists of a photocopier and a telephone circuit.
Fast way of sending and receiving information.
Used when speed is required.
Produces information as it is (exact copies/replicas of the send documents are received)
Ideal for […]

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Property Insurance

By garikaib|2022-09-15T12:42:46+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kevinandamanda.com ZIMSEC O Level Commerce Notes: Insurance: Property Insurance

Property insurance

Household insurance

Is taken by individuals.
It covers household movable items such as furniture, Tvs and jewellery.
Covers against losses due to theft and fire.
Compensation is based on the value of items at the time the risk occurs i.e. after […]

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Visible and Invisible trade

By garikaib|2022-09-15T12:42:38+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Visible Trade. Image credit Maltatoday.com ZIMSEC O Level Commerce Notes:Visible and Invisible trade

Invisible trade

Trade in services only e.g. tourism, freight, insurance.
Calculated for given periods of time, usually one year.
Invisible balance= exported services value-minus imported services value.
For example Tourists coming to Zimbabwe $25 million.
Banking services provided […]

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Export invoice

By garikaib|2022-09-15T12:42:31+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit DHL. ZIMSEC O Level Commerce Notes: Export Invoice

Export invoices

Prepared from various invoices for goods purchased and expenses incurred (on transportation and warehousing of goods)
Summarises the goods bought and expenses incurred.
Copies of the original invoices received from suppliers of goods and services are attached to the […]

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Commerce: Partnership Deed

By garikaib|2022-09-15T12:42:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit flcker.com Image credit flickr.com ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

Drafted by partners.
Contains:
The objectives of forming the partnership.
The amount of capital each partner is going to contribute towards the partnership.
Duties, responsibilities and rights of each partner.
Terms and conditions under which the partnership operates.
Circumstances under which the […]

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Differences between Ordinary and Preference Shares

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

Share certificate. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Differences between Ordinary and Preference Shares

To access more topics go to the Commerce Notes page.

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Consumer Rights

By garikaib|2022-09-15T12:42:01+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit thestylemedic.com Image credit thestylemedic.com ZIMSEC O Level Commerce Notes: Consumer Rights

The right to basic human needs:
consumers must have access to basic needs such as food, clothing, water, shelter, education and health care.
The right to safety:
Consumers must be protected against goods and service or production processes which are dangerous […]

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Commerce: Management Functions: Organising
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Commerce: Management Functions: Organising

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Organising

By garikaib|2022-09-15T12:30:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Organising

During the introduction, we examined what management is
We said management is the art of doing work through others
Also, it was mentioned that management can be defined in terms of its functions/duties that every manager is expected to perform
These functions include planning, organising, coordinating, leading and […]

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January 2023