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Commercial Banks
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Commercial Banks

Notes, O Level Commerce Notes, Ordinary Level Notes

Commercial Banks

By garikaib|2022-09-15T12:43:44+02:00January 24th, 2023|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 […]

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Cheques

By garikaib|2022-09-15T12:43:35+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cheque book showing a cheque. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Money and Banking: Cheques

Cheques

There ar two main types of cheques viz:
Bearer’s cheques.
Order cheques.

Bearer’s cheques An assortment of RBZ issued bearer's cheques. Image credit [...]
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Advantages and disadvantages of large-scale retailing

By garikaib|2022-09-15T12:43:27+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Other types of warehouses

By garikaib|2022-09-15T12:43:21+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

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 […]

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The influence of prepackaging and branding on advertising

By garikaib|2022-09-15T12:43:14+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Tramp ships

By garikaib|2022-09-15T12:43:07+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Tramp ship carrying containers. Image credit ecuadoratyourservice.com ZIMSEC O Level Commerce Notes: Transport: Tramp ships

Tramps

Cargo ships which are for hire.
They can be hired for a specific time and journey.
They trade on the spot market.
They can be chartered at the Baltic Exchange in […]

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Exports Credit Guarantee Department (ECGD)

By garikaib|2022-09-15T12:42:47+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Marketing Boards

By garikaib|2022-09-15T12:42:40+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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Export and Import merchants

By garikaib|2022-09-15T12:42:33+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 […]

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January 2023