O Level Commerce Notes Archives - Page 6 of 24 - Free ZIMSEC & Cambridge Revision Notes

Exports Credit Guarantee Department (ECGD)

By garikaib|2025-02-12T09:07:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit ncbcp.org ZIMSEC O Level Commerce Notes: Insurance: Exports Credit Guarantee Department (ECGD)

Also known as Export Credit Guarantee Corporation (ECGC)in Zimbabwe.
Covers risk of non payment by importers due to:
lack of foreign currency.
Political instability.
Outbreak of war.
Overseas state interferences.
Provides comprehensive policies to cover the whole of export businesses […]

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Marketing Boards

By garikaib|2025-02-12T09:17:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tobacco field. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Wholesale Trade: Marketing Boards

Reasons for setting up Marketing Boards.

These are set up by the government for the following reasons:
To store agricultural produce.
To reduce monopolies in the selling a certain strategic goods.
To control the selling and buying […]

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Export and Import merchants

By garikaib|2025-02-12T09:35:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

Perform the functions of traders (i.e. wholesalers or retailers).
Buy goods from local manufacturers.
Sell these goods abroad.
Buy and sell goods in their own names.
Sell goods at a profit.
Pay cash immediately for goods bought.
Reduce manufactures’ problems by exporting […]

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Commerce Introduction to Businesses

By garikaib|2025-02-12T08:59:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit orangeblob.com ZIMSEC O Level Commerce: Commerce Introduction to Businesses

Business refers to:
Activities carried out in order to make profit for example:
manufacturing goods for sale.
Providing services e.g. Hotels.
Extracting minerals such as gold.
Farming produce for sale.
Business entities/organisations can be divided into two groups i.e. private and public sector […]

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Differences between shares and debentures

By garikaib|2025-02-12T09:11:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

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.

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Terms used in business organisations

By garikaib|2025-02-12T09:25:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Commerce: Management Functions Introduction
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Commerce: Management Functions Introduction

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions Introduction

By garikaib|2025-02-12T09:21:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Commerce:Invoices
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Commerce:Invoices

Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes

Commerce:Invoices

By garikaib|2025-02-12T09:07:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

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 […]

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Advantages and disadvantages of Hire Purchase to the seller

By garikaib|2025-02-12T09:30:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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