August 2015

Importance of Advertising

By |2017-01-17T11:18:29+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet Advert. Image credit techzim.co.zw

Econet Advert. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Aids to Trade: Advertising

Advertising

  • Provides information on:
  • goods available.
  • Prices of goods
  • types of goods sold e.g. quality of goods.
  • Where to buy the goods.
  • Persuades customers to buy.
  • Launches new products.
  • Increases sales.
  • Increases profits.
  • Enables a trader to fight competition.
  • Reminds customers about existing goods […]

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Importance of Warehousing

By |2017-01-17T11:18:30+02:00August 7th, 2015|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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Importance of Transport

By |2017-01-17T11:18:31+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

An oil pipeline. Image credit MediaWiki

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 […]

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The Hire Purchase Act

By |2017-01-17T11:18:32+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Furniture shop. Image credit houseofpedias.com

Furniture shop. Image credit houseofpedias.com ZIMSEC O Level Commerce Notes: Hire Purchase Act
  • During the Hire Purchase period the goods are insured and owned by the seller.
  • Allows the consumer to have a “cooling off” period if the agreement is signed outside the trader’s premises during which […]

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Consumer Rights

By |2017-01-17T11:18:32+02:00August 7th, 2015|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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Consumers

By |2017-01-17T11:18:33+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit sheknows.com

image credit sheknows.com ZIMSEC O Level Commerce Notes: Consumers
  • Consumers themselves can protect themselves and their interests by practising the following:
  • Prepare a shopping list and budget what to buy so as to avoid impulse buying.
  • Do window-shopping in order to compare prices and quality of goods from different shops […]

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The Standards Association of Zimbabwe

By |2017-01-17T11:18:34+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit businessdaily.co.zw

Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: The Standards Association of Zimbabwe (SAZ)
  • Adopts and adapts international standards of products, performance, safety and quality.
  • Prepares standards of products for Zimbabwean manufacturers.
  • Issues copies of standards specification to producers.
  • Tests products for quality.
  • Authorises companies to use the SAZ seal of approval.
  • Ensures that […]

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The Consumer Council of Zimbabwe (CCZ)

By |2019-05-04T09:57:54+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Consumer Council of Zimbabwe (CCZ)

  • Receives complaints from consumers and then investigates them.
  • Settles disputes via arbitration between consumers and traders.
  • Files lawsuits on behalf of consumers.
  • Educates consumers on their rights.
  • Provides advice to consumers, ie. advises consumers to buy wisely by comparing prices and quality of products.
  • Conducts spot checks to […]

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Terms used in business organisations

By |2017-01-17T11:18:37+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit tooopen.com

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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Public and Private enterprises

By |2017-01-17T11:18:39+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit freedesignfile.com

Image credit freedesignfile.com ZIMSEC O Level Commerce Notes: Public and Private enterprises

Private enterprises

  • Businesses owned by private individuals or a group of individuals.
  • Found under the private sector.
  • Formed in order to make profit.
  • Include sole traders, partnerships, private limited companies, multinational corporations and trade associations.

Public enterprises

  • businesses organised and controlled by […]

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