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

Commercial Banks
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Commercial Banks

Notes, O Level Commerce Notes, Ordinary Level Notes

Commercial Banks

By garikaib|2025-02-12T09:38:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: Commercial Banks

Commercial Banks

Is a bank that offers services to the general public and to companies.
For example Barclays, Standard Chartered, Stanbic and BancABC.

Services offered

They accept deposits in the form of current, savings and fixed deposits accounts.
They receive or make payments through cheques, direct debit and credit transfers.
They […]

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Factors to consider when locating a retail outlet

By garikaib|2025-02-12T09:16:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit barndesinging.com ZIMSEC O Level Commerce Notes: Retail Trade: Setting up a retail outlet

Factors to consider when establishing a retail outlet

adequate capital to start the business
the demand for the goods to be sold
good management skills
accessibility to the retail outlet for example is it close to the […]

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Branding

By garikaib|2025-02-12T09:34:07+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

The coke brand is one of the most popular brands in the world. Image credit etecetera.com ZIMSEC O Level Commerce Notes: Retail Trade :Branding

Branding

is giving a distinguishing name label or mark to the product […]

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Differences between persuasive and informative advertising

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

Image credit braningstrategyinsider.com ZIMSEC O Level Commerce Notes: Advertising: Differences between persuasive and informative advertising

As has already been noted there are a number of differences between persuasive advertising and informative advertising.

The table below provides a precise and comprehensive comparison of the two types of advertising and clearly […]

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Transport Modes: Rail

By garikaib|2025-02-12T09:15:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Rail.

Rail transport.

Advantages.

Fast over long distances.
Is cheap over long distances.
Suitable for carrying:
heavy goods […]

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Surface and Airmail

By garikaib|2025-02-12T09:31:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Airmail envelope. Image credit prexie-era.org ZIMSEC O Level Commerce Notes: Communication: Surface and Airmail

Both forms of mail are often colloquially referred to as snail mail.

Surface mail

mail is sent by land to its destination.
Ordinary envelopes are used.
The postage cost is low.
The delivery time is […]

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Importance of statistics to insurance

By garikaib|2025-02-12T08:58:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit dhariya.com ZIMSEC O Level Commerce Notes: Insurance: Importance of statistics to insurance

Importance of statistical records in insurance.

Actuaries make extensive use of statistics in insurance
Insurance contracts are based on the statistics.
Risk is asses to determine whether:
It can be accepted or not.
Help in determining a fair premium.
At […]

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Functions of insurance underwriters

By garikaib|2025-02-12T09:11:57+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Old Mutual. Image credit thezimbabwedaily.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance underwriters

Functions of underwriters.

Are insurers (insurance companies) who provide insurance cover.
Assess risks (examine details in the proposal form)
Cover or accept risks by:
Singing their names against risks they have agreed to cover.
Charge and […]

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Trading Blocs

By garikaib|2025-02-12T09:27:04+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

SADC meeting. Image credit lestimes.com SADC meeting. Image credit lestimes.com ZIMSEC O Level Commerce Notes:Trading Blocs

A trading bloc is a group of countries that has removed/reduced trade restrictions between and among member states in order to facilitate trade.
Examples of trade blocs are SADC, COMESA, ECOWAS, ACP […]

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Cable (telegraphic) money transfer

By garikaib|2025-02-12T09:42:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kanooncurrency.co.uk ZIMSEC O Level Commerce Notes: Cable (telegraphic) money transfer

A method of sending and receiving payments.
Payments are made using telegraph,cable or telephone.
Payment is made in foreign currency.
Money is transferred from the debtor’s (importer’s) account to the creditor’s (exporter’s) account.
A safe and fast way of making payments.
Money […]

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February 2025