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

Bills of exchange

By garikaib|2022-09-15T12:42:28+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A bill of exchange. Image credit delcampe.net ZIMSEC O Level Commerce Notes: Bill of exchange

Bill of exchange

The Bill of Exchange Act defines the bill of exchange as:
An unonditional order in writing, addressed by one person to another, singed by the person giving […]

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Public Limited Companies

By garikaib|2022-09-15T12:42:17+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Public Limited Companies

Formation

Membership is open to the public.
Membership is by invitation through a prospectus.
Formed by at least two shareholders and there is no upper limit.
Governed by the Companies Act.
The founding […]

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Local Authorities

By garikaib|2022-09-15T12:42:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Harare city council. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Local Authorities

Local authorities

Can be a city ( e.g. Harare City Council), rural ( e.g. Mutasa District Council) or district council.
Are controlled by the central government.
Owned by the local government.
Set up to administer a […]

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Importance of Insurance

By garikaib|2022-09-15T12:41:58+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit anu.edu.au ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Insurance

Insurance

Provides health insurance cover through medical aid scheme and covers:
against risks of loss of goods due to fire or theft
employees at work through employer’s liability
goods in transit
embezzlement of funds through fidelity guarantee policy.
Bad debts through […]

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Commerce: The Internal Business Environment
Gallery
Commerce: The Internal Business Environment

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The Internal Business Environment

By garikaib|2022-09-15T12:30:17+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Internal Business Environment

As already mentioned elsewhere businesses do not operate in a vacuum
The operations of a business are affected by factors internal and external to it
Here we will look at the internal business environment

The internal business environment

A business’s internal environment is made up of people known as […]

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Specialisation

By garikaib|2022-09-15T12:43:52+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit fransgaard.com ZIMSEC O Level Commerce Notes: Specialisation

Specialisation is a result of division of labour that results in a worker honing their particular skills to become experts.

Benefits of specialisation of labour

workers and firms become experts in a particular job
training institutions have found it easy to set […]

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Night Safe Facilities and Safe Deposit boxes

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

Safe Deposit Boxes. Image credit expresspage.net ZIMSEC O Level Commerce Notes: Money and Banking: Night Safe Facilities and Safe Deposit boxes

Night safe- facility

Safe guards money for traders who do their business during the night.
They lock their money in bags or wallets.
The bags are slotted […]

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Advantages and disadvantages of small scale retailers

By garikaib|2022-09-15T12:43:31+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Small scale traders at Mbare Musika. Image credit skyscapercity.com ZIMSEC O Level Commerce Notes: Retail Trade: Advantages and Disadvantages of small scale retailers

Advantages of small scale retailers to Consumers

open for long hours or even during holidays
sell a variety of goods
cater for individual tastes
sell […]

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Send a basket

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

Ecoshopper. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Send a Basket.

Send a basket

the service is offered by cash and carry wholesalers with many branches throughout the country
used when a sender wants to purchase for someone located in in another area
the service is provided […]

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Radio Media

By garikaib|2022-09-15T12:43:17+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Radio. Image credit sony.com ZIMSEC O Level Commerce Notes: Advertising: Radio

Radio

Provides sound
Has a personal impact on people’s emotions
Has a wide (usually national) coverage.
Advertisements can be repeated and timed.
The producer can target specific audiences for example certain advertisements can be flighted during certain programs that can appeal […]

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January 2023