Differences between shares and debentures
Debenture certificate. Image credit catawiki.com ZIMSEC O Level Commerce Notes: Differences between shares and debentures
To access more topics go to the Commerce Notes page.
January 2023
Terms used in business organisations
Image credit tooopen.com ZIMSEC O Level Commerce Notes: Terms used in business organisations
“Private”
- Membership to a private limited company is by invitation.
- Shares of a private limited company are onlys sold to invited members for example friends and relatives.
- Shares cannot be sold or bought on the Zimbabwe Stock Exchange […]
Commerce: Management Functions Introduction
ZIMSEC O Level Commerce Notes: Management Functions: Introduction
- No doubt you have heard of people who work as managers within a business
- These people carry out management duties in the organisations in which they are employed
- It is important to note that depending on an organisation a manager can be known by several titles
- Popular titles for […]
Commerce:Invoices
ZIMSEC Commerce Notes: Invoices
- There are two main types of invoices:
- A proforma invoice and,
- ordinary invoices.
Proforma invoice
- Is a document in the form of an invoice.
- Is send by a supplier to a potential buyer.
- It may be used as a quotation.
- It shows terms of payment.
- It show quantities of goods/services.
- Is used when goods are send […]
Advantages and disadvantages of Hire Purchase to the seller
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 […]
Bank Payments in Home and Internation Trade
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 […]
Discount stores, Voluntary Chains and Tied shops
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 […]
Bonded Warehouses
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 […]
Other advertising media
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 […]
Types of sea transport: Liners
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 […]