Ordinary Level Notes Archives - Page 5 of 180 - Free ZIMSEC & Cambridge Revision Notes

Wholesale warehouse

By garikaib|2025-02-12T09:41:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Wholesale warehouse. Image credit flexport.com ZIMSEC O Level Commerce Notes: Warehousing: Wholesale warehouse

Wholesale warehouse

Are used to store a variety of goods from different manufacturers.
Goods are stored in bulk.
Enables goods to be graded and packed.
Can be used to allow goods e.g. wine and other similar beverages […]

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Advertising media: Trade Journals

By garikaib|2025-02-12T09:06:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

PC Gamer magazine. Image credit videogamerater.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media: Trade Journals

Trade Journals

Are used to advertise specialised products for example computers, farming equipment etc.
Advertisements are usually in great detail and
may included technical details about the product.
My have colourful pictures for […]

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Modes of transport: Air Transport: Air Waybill

By garikaib|2025-02-12T09:19:58+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An Air Waybill for use with FedEx. Image credit en.09635.com

Air way Bill

Importance:
Is a document used when goods are transported by air.
It is a contract of carriage or an agreement to carry goods.
A receipt for goods aboard a given aeroplane.
It accompanies these goods.
It contains the following […]

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Bill of lading

By garikaib|2025-02-12T09:36:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A sample bill of lading. Image credit uvlightpen.com ZIMSEC O Level Commerce Notes: Transport/International Trade: Bill of Lading

Bill of lading

Is required whenever goods are transported by sea.
An agreement entered into by the shipping company and the exporter.
Is evidence (acknowledgement) of receipt fr […]

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How to take out an insurance policy?

By garikaib|2025-02-12T09:02:39+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit anu.edu.au Image credit anu.edu.au ZIMSEC O Level Commerce Notes: Insurance: How to take out an insurance policy?

How to take out an insurance policy.

The prospective customer makes contact with the insurance company or obtains an insurance prospectus.
The risk one intends to insure is discussed with an insurance broker.
A quotation […]

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Cash and carry wholesalers

By garikaib|2025-02-12T09:15:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit link51.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Cash and carry wholesalers

These wholesalers:
Sell goods on a cash and carry basis.
Sell both retailers and consumers i.e. they sell goods in bulk and case lots.
Use self-service methods of selling.
Display goods.
Have check-out points.
Have security measures.
Sell […]

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Brokers in International trade

By garikaib|2025-02-12T09:31:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zafana Trade brokers. Image credit zafanankositrading.com ZIMSEC O Level Commerce Notes: Brokers

Brokers

Work in foreign trade as agents.
Bring buyers and sellers into contact
Buy or sell goods on behalf of their principals ( who can be manufacturers or importers)
Do not possess the goods they sell but […]

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Letter of Credit

By garikaib|2025-02-12T08:55:41+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Procedure for issuing a letter of credit. Image credit letterofcredit.biz ZIMSEC O Level Commerce Notes: Credit Letter

Letter of credit

a letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made […]

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Zimbabwe Stock Exchange

By garikaib|2025-02-12T09:08:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zimbabwe Stock Exchange. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: The Zimbabwe Stock Exchange

Functions

Controls and regulates admission of new members.
Acts as a barometer of the well-being of the Zimbabwean economy.
A market for buying and selling shares, stocks, bonds as well as […]

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Memorandum of Association

By garikaib|2025-02-12T09:19:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A page from a Memorandum of Association. Image credit coronetpublications.com ZIMSEC O Level Commerce Notes: Memorandum of Association

Memorandum of Association

Is used in the formation of private and public limited companies.
Is prepared by the company founders/their representatives.
Is sent to the Registrar […]

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February 2025