January 2023

Cable (telegraphic) money transfer

By |2022-09-15T12:42:29+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kanooncurrency.co.uk Image credit kanooncurrency.co.uk ZIMSEC O Level Commerce Notes: Cable (telegraphic) money transfer

  • A method of sending and receiving payments.
  • Payments are made using telegraph,cable or telephone.
  • Payment is made in foreign currency.
  • Money is transferred from the debtor’s (importer’s) account to the creditor’s (exporter’s) account.
  • A safe and fast way of making payments.
  • Money […]
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Advantages and Disadvantages of Public Limited Companies

By |2022-09-15T12:42:16+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet is an example of a PLC Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Public Limited Companies

Advantages

  • They are separate legal entities.
  • Shareholders have limited liability.
  • Shares can be freely transferred on the stock exchange.
  • Membership is open to the public since shares are […]
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Advantages and disadvantages of Public corporations/ Parastatals

By |2022-09-15T12:42:07+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Megawatt building. Image credit newsday.co.zw Megawatt building. Image credit newsday.co.zw ZIMSEC O Level Commerce Notes: Advantages and disadvantages of Public corporations/ Parastatals

Advantages

  • The government controls the provision of strategic products.
  • Provides products at cheap prices.
  • Provides employment to people.
  • Reduces duplication of resources .
  • Enjoy limited liability.
  • Implement government policies i.e. in terms of setting the […]
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Importance of Banking

By |2022-09-15T12:41:59+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Aids to Trade: Banking

Banking

  • Enables making of payments.
  • Enables receiving of payment through cheques, stop order or bill of exchange.
  • Keeps money safe through current, savings, deposit and fixed accounts.
  • Acts as trustees and executors.
  • Acts as underwriters when they buy unsubscribed shares of public […]
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Commerce: The Business Environment: Introduction

By |2022-09-15T12:30:15+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Business Environment

  • It is a common cause that businesses do not operate in a vacuum
  • There are a number of factors that affect the way a business operates
  • These factors can be external to the business i.e. outside the business itself
  • They can, however, be internal i.e. factors that are to […]
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Division of labour and mass production

By |2022-09-15T12:43:53+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Division of labour on an assembly line production. Image credit youtube.com Division of labour on an assembly line production. Image credit youtube.com ZIMSEC O Level Commerce Notes: Division of Labour and Mass production

DIVISION OF LABOUR
Production activites can be classified according to two basic principles:

Division of Labour
this refers to the breakdown […]

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Small scale Retailers

By |2022-09-15T12:43:31+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Roadside Vendors are quite popular along Harare's roads Roadside Vendors are quite popular along Harare’s roads. Picture by Celebrity

  ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers. ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers.

Small scale retailers

  • are usually owned by individuals
  • are found in the private […]
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Self-selection and Self-service

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

Buffet is an example of self-service. Image credit Media-Wiki Buffet is an example of self-service. Image credit Media-Wiki ZIMSEC O Level Commerce Notes: Retail Trade: Self-selection and Self-service

Self-selection

  • is a method of selling goods used in department stores and variety chain stores
  • cash points are dotted throughout the store
  • a customer pays for […]
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Advertising Media

By |2022-09-15T12:43:18+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

TV is an example of advertising media. Image credit zopper.com TV is an example of advertising media. Image credit zopper.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media

  • Advertisements can be placed in any of the following media including:
  • Radio
  • TV
  • Newspaper
  • Magazines
  • Fliers
  • Posters
  • Trade Journals

Factors to be considered when choosing the best advertising medium

  • The size of […]
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