February 2025

POSB Bank

By |2025-02-12T09:37:00+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: POSB Bank.

Post Office Savings Banks

  • People’s Own Savings Bank.

Functions

  • It accept deposits from individuals and companies.
  • It operates savings accounts which earn tax free interest.
  • It operates stop order facilities for clients.
  • It lends money to large organisations for example Discount Houses.
  • It invests money into Treasury Bills and municipal stocks.

    • […]

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Bank Payments in Home and Internation Trade

By |2025-02-12T09:09:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Payments in Home and Internation Trade

Bank payments in Home Trade

  • Payments encountered in home trade are made via the following bank services:

Standing or stop order

  • Is a method of payment used to pay fixed amounts to creditor […]
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Discount stores, Voluntary Chains and Tied shops

By |2025-02-12T09:27:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Spar Joina City. Image credit innscorafrica.com Spar Joina City. Image credit innscorafrica.com ZIMSEC O Level Commerce Notes: Retail Trade: Discount stores and Voluntary Chains

Discount Stores

  • a large-scale retail outlet found in and private sector
  • locate in busy shopping areas and out of city centres
  • sells household goods such as electrical appliances
  • operates from cheap […]
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Bonded Warehouses

By |2025-02-12T09:43:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimborderguide.co.zw ZIMSEC O Level Commerce Notes: Warehousing: Bonded Warehouses

Bonded warehouses

  • These are located at ports, boarder posts, large railway stations and big cities.
  • They are privately owned but supervised by the Zimbabwe Revenue Authority […]
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Other advertising media

By |2025-02-12T09:08:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Goods on display. Image credit retaildesignblog.net Goods on a window display. Image credit retaildesignblog.net ZIMSEC O Level Commerce Notes: Advertising: Other advertising media

Window displays

  • These cover window displays and other displays within the shops themselves.
  • Are aimed at customers who wlk in and out of the shop.
  • The displays are meant to encourage […]
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Modes of transport: Sea

By |2025-02-12T09:22:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

The Oriana a cruise ship from Germany. Image credit totifun.com The Oriana a cruise ship from Germany. Image credit totifun.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Sea

Sea Transport.

Advantages

  • Is cheap.
  • Suitable for:
  • bulky cargo e.g. crude oil.
  • Heavy goods e.g. mineral ores.
  • Mixed cargo i.e. different goods.
  • Different types and sizes of ships […]
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Expedited Mail Service

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

USPS EMS packages. Image credit usps.com USPS EMS packages. Image credit usps.com ZIMSEC O Level Commerce Notes: Communication: Expedited Mail Service

Expedited Mail Service.

  • Used when items need to reach their destination quickly and safely.
  • I used to send valuable articles e.g. certificates or documents.
  • The sender hands the parcel over the post office counter.
  • The EMS […]
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Business Insurance

By |2025-02-12T09:06:22+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Business Insurance. Image credit vitasinsurance.com Business Insurance. Image credit vitasinsurance.com ZIMSEC O Level Commerce Notes: Insurance: Business Insurance

Transit insurance.

  • Covers goods during the transportation from the time they are loaded onto the transport vehicle until the time they are offloaded at their destination.
  • The policy may be specific e.g. it states the […]
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Reasons for the elimination of wholesalers

By |2025-02-12T09:17:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large retail shop. Image credit siemens.com Large retail shop. Image credit siemens.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Reasons for the elimination of wholesalers

Reasons for the elimination of the wholesaler.

  • Bulk buying by large scale retail organisations such as multiple shops, hypermarkets and department stores who have:
  • Adequate capital to buy on cash
  • Have […]
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Forwarding agents/Freight Forwarders

By |2025-02-12T09:34:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit destinyman.com image credit destinyman.com ZIMSEC O Level Commerce Notes: International trade:Forwarding Agents/Freight Forwarders

Forwarding agents also known as Freight forwarders.

  • Collect goods from consignors’ premises.
  • Carry goods to their warehouses.
  • Warehouse/Store the goods.
  • Send goods to consignee.
  • Provide facilities for export packing.
  • Arrange insurance for the goods.
  • Fill in the necessary documents used when goods are transported by […]
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