February 2025

Certificate of insurance

By |2025-02-12T09:41:02+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit generalmills.com Image credit generalmills.com ZIMSEC O Level Commerce Notes: Certificate of insurance

Certificate of insurance

  • Provides proof that the goods being transported have been insured.
  • Has to be produced when making a claim to the insurance company, if a risk insured against has occurred.
  • Can be an open (floating) insurance policy.
  • To cove […]
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Private Limited Companies

By |2025-02-12T09:04:24+02:00February 12th, 2025|O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Dell Private Limited. Image credit freshhotjobs.com Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Private Limited Companies

  • Its operations are governed by the Companies Act.
  • Formed by 2-50 shareholders.
  • In other countries a company is formed by 2 or more people with no maximum number of shareholders.
  • Has a […]
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Trade Association

By |2025-02-12T09:16:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ACCA Offices. Image credit applepieghana.com ACCA Offices. Image credit applepieghana.com ZIMSEC O Level Commerce Notes: Trade Associations

Is:

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Importance of Warehousing

By |2025-02-12T09:30:19+02:00February 12th, 2025|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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Commerce: Beneficiation And Value Addition/ Added Value

By |2025-02-12T09:30:49+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Beneficiation And Value Addition/ Added Value

  • One of the reasons why developing countries lag behind developed countries is due to the imbalance of trade
  • Developing countries export mainly raw unprocessed materials which have a low price per unit
  • On the other hand developed countries export back high value processed materials
  • This means […]
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Introduction

By |2025-02-12T09:15:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Airbus 380 being assembled Airbus 380 being assembled. Image credit themanufacturer.com ZIMSEC O Level Commerce Notes: Production: Introduction:Good and Services

  • Production-is the provision of goods and services to satisfy human needs and wants.

Goods and Services (Products)

  • goods– these are tangible items with physical attributes for example a car.
  • Goods can be classified as:
  • durable […]
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Commercial Banks

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

Image credit barndesinging.com 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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Differences between persuasive and informative advertising

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

Image credit braningstrategyinsider.com 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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