February 2025

Commercial Banks

By |2025-02-12T09:38:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: Commercial Banks

Commercial Banks

  • Is a bank that offers services to the general public and to companies.
  • For example Barclays, Standard Chartered, Stanbic and BancABC.

Services offered

  • They accept deposits in the form of current, savings and fixed deposits accounts.
  • They receive or make payments through cheques, direct debit and credit transfers.
  • They […]
Read More
Comments Off on Commercial Banks

Advantages and disadvantages of large-scale retailing

By |2025-02-12T09:28:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit spar-international.com 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 […]
Read More
Comments Off on Advantages and disadvantages of large-scale retailing

Other types of warehouses

By |2025-02-12T09:45:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Goods in a removals warehouse. Image credit office-removals.co.uk 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 […]
Read More
Comments Off on Other types of warehouses

The influence of prepackaging and branding on advertising

By |2025-02-12T09:08:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Packaging. Image credit tablet-news.net 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 […]
Read More
Comments Off on The influence of prepackaging and branding on advertising

Other Services offered by the Post Office

By |2025-02-12T09:40:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit auspost.com.au Image credit auspost.com.au ZIMSEC O Level Commerce Notes: Communication: Other Services offered by the Post Office

Parcel post.

  • Surface mail parcels are limited to a mass of 10kg
  • Ideal for trade samples and goods in mail order.
  • Parcels from other countries are opened to comply with customs and legal requirements of each […]
Read More
Comments Off on Other Services offered by the Post Office

Exports Credit Guarantee Department (ECGD)

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

Image credit ncbcp.org 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 […]
Read More
Comments Off on Exports Credit Guarantee Department (ECGD)

Marketing Boards

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

Tobacco field. Image credit MediaWiki 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 […]
Read More
Comments Off on Marketing Boards

Export and Import merchants

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

Image credit importingmadeasy.com 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 […]
Read More
Comments Off on Export and Import merchants
Toggle Sliding Bar Area
Go to Top