O Level Commerce Notes Archives - Page 4 of 24 - Free ZIMSEC & Cambridge Revision Notes

Advantages and disadvantages of Hire Purchase to the seller

By garikaib|2022-09-15T12:43:47+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Furniture shop. Image credit roomandboard.com ZIMSEC O Level Commerce Notes: Hire Purchase

Details shown on Hire Purchase goods

A description of the goods.
The cash price of the goods.
The total Hire Purchase Price i.e. the cash price + the relevant finance charges
The required deposit amount.
The amount and number […]

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Bank Payments in Home and Internation Trade

By garikaib|2022-09-15T12:43:36+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Payments in Home and Internation Trade

Bank payments in Home Trade

Payments encountered in home trade are made via the following bank services:

Standing or stop order

Is a method of payment used to pay fixed amounts to creditor […]

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Discount stores, Voluntary Chains and Tied shops

By garikaib|2022-09-15T12:43:27+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Spar Joina City. Image credit innscorafrica.com ZIMSEC O Level Commerce Notes: Retail Trade: Discount stores and Voluntary Chains

Discount Stores

a large-scale retail outlet found in and private sector
locate in busy shopping areas and out of city centres
sells household goods such as electrical appliances
operates from cheap […]

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Bonded Warehouses

By garikaib|2022-09-15T12:43:21+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimborderguide.co.zw ZIMSEC O Level Commerce Notes: Warehousing: Bonded Warehouses

Bonded warehouses

These are located at ports, boarder posts, large railway stations and big cities.
They are privately owned but supervised by the Zimbabwe Revenue Authority […]

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Other advertising media

By garikaib|2022-09-15T12:43:14+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Goods on display. Image credit retaildesignblog.net Goods on a window display. Image credit retaildesignblog.net ZIMSEC O Level Commerce Notes: Advertising: Other advertising media

Window displays

These cover window displays and other displays within the shops themselves.
Are aimed at customers who wlk in and out of the shop.
The displays are meant to encourage […]

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Types of sea transport: Liners

By garikaib|2022-09-15T12:43:07+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

The Carnival Magic, an ocean liner for people. Image credit wordpress.com ZIMSEC O Level Commerce Notes: Transport: Liners

Liners

They are also known as ocean liners
Cargo ships which are not meant for hiring.
There are also ocean liners that carry people.
They follow […]

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Telephone

By garikaib|2022-09-15T12:42:56+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit globe-views.com ZIMSEC O Level Commerce Notes: Communication: Telephone

Telephone

Rented from Tel One.
Allows dialogue between the parties involved.
Replies are immediate if the person is present to receive the phone call.
Calls can be dialed directly using STD.
Calls can be made locally or internationally.
Subscribers are allocated unique numbers.
Subscriber’s numbers […]

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Vehicle Insurance

By garikaib|2022-09-15T12:42:47+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit netcarshow.com Image credit netcarshow.com ZIMSEC O Level Commerce Notes page: Insurance: Vehicle Insurance

Vehicle insurance.

There are many types of vehicle insurance viz:

Third party insurance

Is compulsory under the Road Traffic Act (RTA)
Applies to motor vehicle insurance.
Covers claims from the public who may be injured by the vehicle.
Covers public property damaged […]

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Introduction, importance and reasons for International Trade

By garikaib|2022-09-15T12:42:39+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit energypress.eu ZIMSEC O Level Commerce Notes: Introduction, importance and reasons for International Trade

Trade is the buying and selling of goods and services in order to satisfy the needs and wants of consumers.
Trade between two countries is known as bilateral trade.
Trade between more than two countries […]

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January 2023