Ordinary Level Notes Archives - Page 50 of 180 - Free ZIMSEC & Cambridge Revision Notes

Credit Note and Debit Note

By garikaib|2025-02-12T09:14:42+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

A credit note. Image credit debitoor.com ZIMSEC O Level Commerce Notes: Credit Note and Debit Note

Credit Note

I issued by a supplier to a buyer.
It is usually printed in red or pink.
It is used when a supplier owes the buyer money.
It shows the flow of […]

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Discount Houses and Merchant Banks

By garikaib|2025-02-12T09:35:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tetrad Bank. Image credit zimobinews.com ZIMSEC O Level Commerce Notes: Money and Banking: Discount Houses and Merchant Banks

Discount Houses

A discount house is a financial institution that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government […]

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The Reserve Bank of Zimbabwe

By garikaib|2025-02-12T09:08:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

The Reserve Bank of Zimbabwe dominating the Harare skyline. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Money and Banking: The Reserve Bank of Zimbabwe

Reserve Bank of Zimbabwe

It is the banker’s bank and owned by the Government […]

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Mail order firm

By garikaib|2025-02-12T09:26:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Harare Main Post Office. Image credit thezimbabwean.co ZIMSEC O Level Commerce Notes: Retail Trade: Mail Order firm

Mail order firm

a large scale retail outlet found in the private sector
located in the industrial area or outskirts of a town
operates from a warehouse
does not need expensive […]

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Public sector warehouses

By garikaib|2025-02-12T09:43:24+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Drugs in a public warehouse. Image newvision.co.ug ZIMSEC O Level Commerce Notes: Warehousing: Public sector warehouses

Public sector warehouses

These are run by parastatals and local government authorities:
They are used to store:
building materials
machines
fuel
water
stationary
medical drugs
or any other stock that may be of national strategic interest.
They are […]

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Advertising media: Flyers/Leaflets and Direct Mail

By garikaib|2025-02-12T09:07:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Man handing out a flyer to a motorist at an intersection in Harare. Image credit Mrflyer.co.zw ZIMSEC O Level Commerce notes: Advertising: Advertising media: Fliers/Leaflets

Leaflets

Are cheap and easy to produce.
Have low distribution costs
May not reach […]

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Modes of Transport: Pipeline

By garikaib|2025-02-12T09:21:35+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Modes of Transport: Pipeline

Pipe line transport

Advantages

Is a direct mode of transport:
Provides a direct delivery i.e. they can reach the consumer directly.
Is ideal for transporting liquids and gasses e.g. LP gas and Petrol.
It […]

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Free posts and Franking machines

By garikaib|2025-02-12T09:39:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A franking machine. Image credit ashcroftmailingsolutions.co.uk ZIMSEC O Level Commerce Notes: Communication: Free posts and Franking machines

Free post

This service is a variation of the business reply service.
The user needs to seek for approval from the post office.
If he is granted access the user […]

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Insurance Assesors

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

Image credit pixbay.com Image credit pixbay.com ZIMSEC O Level Commerce Notes: Insurance: Insurance Assesors

Assessors

Work for the insurance companies.
When a risk has occurred they:
Assess details on the claim form.
Examine the damaged item.
Ascertain the exact cause of the loss.
Calculate the cost of the damage.
Determine what has been damaged.
Calculate and recommend the amount […]

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Specialists wholesalers and Cooperative wholesale societies

By garikaib|2025-02-12T09:16:32+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Vegetable and Fruit wholesale shop. Image credit udon-news.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Specialists wholesalers and Cooperative wholesale societies

Specialist wholesalers.

These wholesalers:
Specialise or are experts on one line of products e.g. sale of fruits like FAVCO.
Offer expert advice to customers on […]

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February 2025