February 2025

Building Societies

By |2025-02-12T09:34:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

FBC Building Society. Image credit businessdaily.co.zw FBC Building Society. Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

  • Is a type of a financial institution.
  • A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or […]
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ATM:Automated Teller Machines

By |2025-02-12T09:07:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An ATM. Image credit Securityaffairs.co An ATM. Image credit Securityaffairs.co ZIMSEC O Level Commerce Notes: Money and Banking: ATM:Automated Teller Machines

ATMs

  • Are fitted on the outside walls of banks are shopping malls.
  • They are used to withdraw cash.
  • They operate 24 hours a day.
  • It is a self-service facility.
  • The customer follows on screen instructions.
  • Upon […]
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Large scale retailer’s warehouse

By |2025-02-12T09:42:29+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Large scale retailer's warehouse. Image credit www.restaurantdepot.com Large scale retailer’s warehouse. Image credit www.restaurantdepot.com ZIMSEC O Level Commerce Notes: Warehousing: Large scale retailer’s warehouse

Large scale retailer’s warehouses

  • These are warehouses used by large-scale retailers such as supermarkets and department stores.
  • They are used to store goods for distribution to various branches.
  • They are […]
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Advertising media: Posters

By |2025-02-12T09:06:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advertising: Advertising media: Posters

Posters

  • They give a vivid impression for the show, match or event.
  • Can be used to target potential consumers e.g. a music show in a certain suburb might be advertised by placing posters on walls and installations around that suburb.
  • May be used for captive audiences for example in halls, buses […]
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Functions of an airport authority (CAAZ)

By |2025-02-12T09:20:43+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Harare International Airport at night. Image credit halbeegnews.net Harare International Airport at night. Image credit halbeegnews.net ZIMSEC O Level Commerce Notes: Transport: Functions of an airport authority (CAAZ)

Functions of an airport authority.

  • As already said above the Civil Aviation Authority […]
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Functions of a Seaport authority

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

A ship docked at Rhizhao seaport. Image credit MediaWiki A ship docked at Rhizhao seaport. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Functions of a Seaport authority

Functions of a Sea-Port Authority

  • Ensure that seaports are accessible from the inland by both road and rail.
  • Ensures efficient handling of both imports […]
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Documents used in Insurance

By |2025-02-12T09:04:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit alleencareer.com Image credit allincareer.com ZIMSEC O Level Commerce Notes: Insurance: Documents used in Insurance

Documents used in insurance

  • The following documents are used in insurance:

Prospectus.

  • Shows the types of risks that can be covered.
  • Shows the name of the insurance company.
  • Contains premium to be paid.
  • States compensation to be paid.

Proposal form

  • An application for […]
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Traditional/General Wholesalers

By |2025-02-12T09:15:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit fool.com Wholesale shop. Image credit fool.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Traditional/General Wholesalers

Traditional or General wholesalers.

  • These wholesalers:
  • Provide a wide range of merchandise or goods.
  • Store goods.
  • Pay cash to manufacturers (finance the manufacturers)
  • Sell on credit to retailers.
  • Provide transport to retailers.
  • Employ sales representatives.
  • Provide information and advice to […]
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Factor agents in international trade

By |2025-02-12T09:32:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit wordpress.com Image credit wordpress.com ZIMSEC O Level Commerce Notes: International trade: Factors

  • is a mercantile fiduciary who receives and sells goods on commission.
  • The commission is called a factorage.
  • Possess the goods they sell.
  • Sell goods in their own names.
  • Do not disclose their principal.
  • Collect goods for sale.
  • Deliver goods to their customers.
  • Have insurable […]
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