Cheques
A cheque book showing a cheque. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Money and Banking: Cheques
Cheques
- There ar two main types of cheques viz:
- Bearer’s cheques.
- Order cheques.
Bearer’s cheques ![An assortment of RBZ issued bearer's cheques. Image credit [...]
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February 2025
Advantages and disadvantages of large-scale retailing
Image credit spar-international.com ZIMSEC O Level Commerce Notes: Retail Trade: Advantages and disadvantages of large-scale retailing
Advantages of large-scale retailing
The retailers have large amounts of capital which allows them to:
- buy goods in bulk on cash at low prices
- advertise the goods
- operate own transport
- build own warehouse
- employ specialists
- can sell goods at […]
Other types of warehouses
Goods in a removals warehouse. Image credit office-removals.co.uk ZIMSEC O Level Commerce Notes: Warehousing: Other types of Warehouses
Distribution warehouse
- They are used by manufacturers who cannot afford to have their own warehouse to store goods such as clothes and electrical appliances.
- They are used […]
The influence of prepackaging and branding on advertising
Packaging. Image credit tablet-news.net ZIMSEC O Level Commerce Notes: Advertising: The influence of prepackaging and branding on advertising
HOW BRANDING HAS INFLUENCED ADVERTISING?
- Branding goods makes them easier to identify.
- Because goods are given names or trademarks that distinguish them from each other.
- Branding makes goods attractive to consumers.
- Goods basically advertise themselves […]
Oil Bulk Ore (O.B.O) Ships
Sabrina I, a bulk carrier. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Oil Bulk Ore (O.B.O) Ships
Bulk Carriers
- They are also known as Bulk Carriers.
- They are a specialised type of ship (tankers) which carry special types of cargo.
- These are bulk carrier […]
Telex and Videoconferencing
Video conference room. Image credit colortone-av.com ZIMSEC O Level Commerce Notes: Communication: Telex and Teleconferencing
Telex
- Uses a teleprinter and a telephone.
- Messages can be received even if the office is closed.
- Can operate unattended.
- Provides a written record.
- Has a telex number
- The message can be corrected before sending it.
Video […]
Marine Insurance
Image credit nauticalexpo.com ZIMSEC O Level Commerce Notes: Insurance: Marine Insurance
Marine insurance
- Covers against losses occurring at sea.
Cargo insurance
- Covers against loss of goods transported by sea or goods transported by ships at sea.
- Covers against damages or loss of goods during transportation.
- Can be voyage policy ie. Cargo is insured […]
Differences between Home and International trade
image credit iccwbo.org ZIMSEC O Level Commerce Notes: Differences between Home and International trade
- Home trade is buying is the buying and selling of goods and services between people within a country’s borders ( Zimbabwe).
- International trade involves the buying and selling of goods between people in one […]
Indent document
Image credit gotomyies.com ZIMSEC O Level Commerce Notes: Indent document
Indent
- An order to buy goods abroad.
- Sent by an importer (principal) to an agent overseas.
- Gives details of:
- types, quantities and prices of goods required.
- How the goods are to be forwarded.
- Marking or numbers on crates […]
Commerce: Partnership Features
Image credit adbrain.com ZIMSEC O Level Commerce Notes: Partnership Features
- Is formed by written or verbal agreement between partners.
- They are formed by 2-10 partners.
- Professionals such as lawyers, doctors and accountants can form partnerships of 2 to unlimited members as they are not allowed to form limited liability companies.
- Has fewer […]