January 2023

Containerisation

By |2022-09-15T12:43:04+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Maersk Container ship. Image credit fleetmon.com Maersk Container ship. Image credit fleetmon.com ZIMSEC O Level Commerce Notes: Transport: Containerisation

Containerisation

  • Refers to the carriage of goods in standardised large containers (boxes) made of metal.
  • The containers are:
  • filled with goods ready for transportation.
  • They are sealed in the presence of custom officials at the point […]
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Radio paging, tele messages and Prestel

By |2022-09-15T12:42:54+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A radio pager. Image credit MediaWiki A radio pager. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Communication: Radio paging, tele messages and Prestel

Radio paging

  • Is a one way communication system.
  • Is an internal means of communication.
  • I used by people in an organisation only.
  • Is hired from the post office.
  • A public address system […]
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Methods used to correct an unfavourable Balance of Payment

By |2022-09-15T12:42:37+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

South African border post. Image credit drivesouthafrica.co.za South African border post. Image credit drivesouthafrica.co.za ZIMSEC O Level Commerce Notes: Methods used to correct an unfavourable Balance of Payment

Methods and ways of correcting an unfavourable balance of payments.

  • The government of Zimbabwe may use the following ways to correct its BOP if its unfavourable […]
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Certificate of insurance

By |2022-09-15T12:42:30+02:00January 24th, 2023|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 |2022-09-15T12:42:18+02:00January 24th, 2023|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 |2022-09-15T12:42:08+02:00January 24th, 2023|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 |2022-09-15T12:41:59+02:00January 24th, 2023|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 |2022-09-15T12:30:19+02:00January 24th, 2023|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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