O Level Commerce Notes Archives - Page 5 of 24 - Free ZIMSEC & Cambridge Revision Notes

Consular invoice

By garikaib|2025-02-12T09:39:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit jaicourtney.net ZIMSEC O Level Commerce Notes: Consular invoice

Consular invoice

Assist customs officials to calculate customs duty where duty is charged on the value of imported goods.
Signed by a consul of the importing country certifying and confirming that the prices of the goods are correct:
prices of the […]

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Commerce Notes:Partnership Act

By garikaib|2025-02-12T09:02:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit ndlink.org ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Act

Where a Partnership Deed has not been drafted, the Partnership Act is applicable
It is enacted by Parliament.
The Act sets out the following provisions:
the partners must contribute equal amounts of capital.
Any disputes must be settled by a majority […]

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Private Business Corporation

By garikaib|2025-02-12T09:14:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit rainregain.com ZIMSEC O Level Commerce Notes: Private Business Corporation

Private Business Corporation

found in the private sector.
Governed by the Private Business Corporation Act of 1993.
A cross between partnerships and limited companies.
A legal entity or body corporate which can sue or be sued in its own name.
Formed by […]

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The Hire Purchase Act

By garikaib|2025-02-12T09:29:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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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Commerce: Management Functions: Coordinating
Gallery
Commerce: Management Functions: Coordinating

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Coordinating

By garikaib|2025-02-12T09:26:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Coordinating

In our introduction to management, we defined what management is
In general terms, management is the work of doing work through others
We also mentioned the fact that management can be defined in terms of its functions/duties that a manager is expected to carry out
In that regard […]

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Delivery Note and Consignment Note

By garikaib|2025-02-12T09:10:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delivery Note. Image credit spreadsheet123.com ZIMSEC Commerce Notes: Delivery Note and Consignment Note

Delivery Note

Is issued by a supplier to the buyer.
It is written in duplicate
It is used when the seller uses their own transport to deliver goods.
It is sent with the goods.
It is sued to […]

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Discount Houses and Merchant Banks

By garikaib|2025-02-12T09:35:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tetrad Bank. Image credit zimobinews.com ZIMSEC O Level Commerce Notes: Money and Banking: Discount Houses and Merchant Banks

Discount Houses

A discount house is a financial institution that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government […]

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Dishonoured cheques and the reason for their being dishonoured

By garikaib|2025-02-12T09:14:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit locanto.in ZIMSEC O Level Commerce Notes: Money and Banking: Dishonoured cheques and the reason for their being dishonoured

A cheque is said to be dishonoured if the bank refuses to pay the amount of cheque.
Thus dishonoring of a cheque means the refusal by the bank to pay […]

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Vending machines, DIY products and Shopping Malls

By garikaib|2025-02-12T09:31:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A DIY Kit. Image credit 2020pv.co.uk ZIMSEC O Level Commerce Notes: Vending Machine, Do It Yourself products and Shopping Malls.

Vending machines

These are machines, which are installed in buys areas.
An example is an ATM (Automated Teller Machine).
The machines may be hired or leased. They operate […]

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Persuasive Advertising

By garikaib|2025-02-12T08:58:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Persuasive Advertisement. Image credit McDonalds. ZIMSEC O Level Commerce Notes: Advertising: Persuasive Advertising

Persuasive/Competitive advertising

These are undertaken by individual businesses for the main purpose of promoting its own products using its brand names at the expense of other manufacturers producing similar products with different brand names.
Producers will […]

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February 2025