Ordinary Level Notes Archives - Page 83 of 180 - Free ZIMSEC & Cambridge Revision Notes

Dishonoured cheques and the reason for their being dishonoured

By garikaib|2025-02-12T09:14:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit locanto.in ZIMSEC O Level Commerce Notes: Money and Banking: Dishonoured cheques and the reason for their being dishonoured

A cheque is said to be dishonoured if the bank refuses to pay the amount of cheque.
Thus dishonoring of a cheque means the refusal by the bank to pay […]

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Vending machines, DIY products and Shopping Malls

By garikaib|2025-02-12T09:31:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A DIY Kit. Image credit 2020pv.co.uk ZIMSEC O Level Commerce Notes: Vending Machine, Do It Yourself products and Shopping Malls.

Vending machines

These are machines, which are installed in buys areas.
An example is an ATM (Automated Teller Machine).
The machines may be hired or leased. They operate […]

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Persuasive Advertising

By garikaib|2025-02-12T08:58:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Persuasive Advertisement. Image credit McDonalds. ZIMSEC O Level Commerce Notes: Advertising: Persuasive Advertising

Persuasive/Competitive advertising

These are undertaken by individual businesses for the main purpose of promoting its own products using its brand names at the expense of other manufacturers producing similar products with different brand names.
Producers will […]

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Disadvantages of Advertising

By garikaib|2025-02-12T09:13:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cadbury Advertisement. Image credit jtresca.com ZIMSEC O Level Commerce Notes: Advertising: Disadvantages of Advertising

The disadvantages of advertising to consumers.

It leads to overspending
It leads to impulse buying
It leads to higher prices if advertising campaign is unsuccessful.
Advertised goods may be harmful.
Some advertisements may be false, […]

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Roll on Roll off (RoRo) Ships

By garikaib|2025-02-12T09:27:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A RoRo ship loading. Image credit venice.it ZIMSEC O Level Commerce Notes: Transport: Roll on Roll off (RoRo) Ships

Roll on Roll off (Ro-Ro) ships

These are specialised types of vessels.
They allow lorries or vehicles loaded with their own cargo to:
to be driven onto the ship (roll […]

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Fax (Facsimile)

By garikaib|2025-02-12T09:43:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Fax Machine. Image credit cultarmix.com ZIMSEC O Level Commerce Notes: Communication: Fax (Facsimile)

Facsimile (Fax)

The machine consists of a photocopier and a telephone circuit.
Fast way of sending and receiving information.
Used when speed is required.
Produces information as it is (exact copies/replicas of the send documents are received)
Ideal for […]

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Property Insurance

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

Image credit kevinandamanda.com ZIMSEC O Level Commerce Notes: Insurance: Property Insurance

Property insurance

Household insurance

Is taken by individuals.
It covers household movable items such as furniture, Tvs and jewellery.
Covers against losses due to theft and fire.
Compensation is based on the value of items at the time the risk occurs i.e. after […]

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Visible and Invisible trade

By garikaib|2025-02-12T09:21:22+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Visible Trade. Image credit Maltatoday.com ZIMSEC O Level Commerce Notes:Visible and Invisible trade

Invisible trade

Trade in services only e.g. tourism, freight, insurance.
Calculated for given periods of time, usually one year.
Invisible balance= exported services value-minus imported services value.
For example Tourists coming to Zimbabwe $25 million.
Banking services provided […]

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Export invoice

By garikaib|2025-02-12T09:37:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit DHL. ZIMSEC O Level Commerce Notes: Export Invoice

Export invoices

Prepared from various invoices for goods purchased and expenses incurred (on transportation and warehousing of goods)
Summarises the goods bought and expenses incurred.
Copies of the original invoices received from suppliers of goods and services are attached to the […]

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Commerce: Partnership Deed

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

Image credit flcker.com Image credit flickr.com ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

Drafted by partners.
Contains:
The objectives of forming the partnership.
The amount of capital each partner is going to contribute towards the partnership.
Duties, responsibilities and rights of each partner.
Terms and conditions under which the partnership operates.
Circumstances under which the […]

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February 2025