O Level Commerce Notes Archives - Page 9 of 24 - Free ZIMSEC & Cambridge Revision Notes

Marine Insurance

By garikaib|2022-09-15T12:42:46+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit nauticalexpo.com 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 […]

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Differences between Home and International trade

By garikaib|2022-09-15T12:42:39+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Indent document

By garikaib|2022-09-15T12:42:32+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Commerce: Partnership Features

By garikaib|2022-09-15T12:42:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Commerce: Shares

By garikaib|2022-09-15T12:42:10+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Share certificate. Image credit genafashion.com ZIMSEC O Level Commerce Notes: Shares

Shares

A share is a unit of capital.
Business capital is divided into several units.
Owners of shares are called shareholders.

Types (Classes) of shares

Ordinary shares

Are also known as equities.
Receive dividends at variable rates which depend on profits made.
Receive […]

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Consumers

By garikaib|2022-09-15T12:42:01+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit sheknows.com ZIMSEC O Level Commerce Notes: Consumers

Consumers themselves can protect themselves and their interests by practising the following:
Prepare a shopping list and budget what to buy so as to avoid impulse buying.
Do window-shopping in order to compare prices and quality of goods from different shops […]

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Commerce: Management Functions: Planning
Gallery
Commerce: Management Functions: Planning

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Planning

By garikaib|2022-09-15T12:30:23+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Planning

In the introduction we looked at management is
To reiterate management can be defined as doing work through others
It can also be defined in terms of the functions/duties of a manager
Management as an organisational/business activity that involves the planning, organizing, leading/commanding, controlling and coordinating of the […]

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Quotation, Price list and Catalouges

By garikaib|2022-09-15T12:43:57+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

An example of a catalogue. Image credit graphicriver.net ZIMSEC O Level Commerce Notes: Quotation, price list and catalogue

Quotation

Is sent in reply to a letter of inquiry.
It is sent by a seller to a buyer
It is also send to a potential buyer […]

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Financial Insitutions

By garikaib|2022-09-15T12:43:42+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

BancABC bank. Image credit thestandard.co.zw ZIMSEC O Level Commerce : Financial Institutions Click on any institution to read more about it. Click on an institution to read more about it.