Conflict and ways of resolving conflict
ZIMSEC O Level Business Studies Notes: Managing Human Resources: Trade Unions and Businesses: Conflict and ways of resolving conflict
February 2025
The Market Introduction
ZIMSEC O Level Business Studies Notes: Marketing: Introduction to markets
- A market is an actual or nominal place where buyers and sellers interact directly or through intermediaries to trade goods, services, instruments, contracts in exchange for money or other mediums of value
- Markets can be physical or infrastructural buildings that can actual be observed in the real world for […]
Benefits and drawbacks of advertising
ZIMSEC O Level Business Studies Notes: Marketing: Benefits and drawbacks of advertising
- Not all advertising is successful
- In fact advertising does have its advantages and disadvantages
Advantages of advertising
- It informs the customer
- It is part of the competitive process and fights off the competition
- It allows consumers/customers to make an informed choice
- I can act as a guarantee of […]
Job Production
ZIMSEC O Level Business Studies Notes: Production: Job Production
- Production is the creation of goods and services
- Job production is a production method when:
- items are made individually
- Each item is completed before the next one is started
- Each item is unique
- Usually the product is custom made to the customer’s specifications or requirements
- Examples of items made […]
Business Studies: Working Capital
ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Working Capital
- Refers to the capital of the business that is used for the day to day running of the business
- Put simply it is the cash available for day-to-day operations of an organization
- Strictly speaking though working capital is more than just cash
- It includes all the assets […]
Principles of Accounting: Types of Business Organisations
ZIMSEC O Level Principles of Accounting Notes: Types of Business Organisations
- A business can be defined as an economic or commercial activity
- All business activity can be subdivided into individual and separate transactions
- A transaction is an event that results in a change in an asset, liability, or net worth of a business
- In accounting various words are used to […]
Principles of Accounting: General Journal transferring to new books
ZIMSEC O Level Principles of Accounts Notes: General Journal transferring to new books
- We have already looked at some of the uses of the General Journal
- which is sometimes simply called the Journal or Journal Proper
- We have also looked at an example where we made different types of entries into the Journal
- Another use not illustrated in […]
Principles of Accounting: An example of how to correct errors in a suspense account
ZIMSEC O Level Principles of Accounts Notes: An example of how to correct errors in a suspense account
- We have already looked at the suspense account and why it is needed
- We will now look at an example
You have extracted a trial balance and drawn up accounts for the year ended 31 December 20X7. There was a shortage of […]
Principles of Accounting: The Revaluation Method
ZIMSEC O Level Principles of Accounts Notes: Calculating/Estimating depreciation: The Revaluation Method
- When there are a few big fixed assets it is easy to:
- Ascertain the cost
- Estimate its useful life
- Calculate/estimate its depreciation
- Account for its disposal
- Calculate/estimate profit or loss on disposal
- For each asset because it is worth the effort
- There are times when this […]
Principles of Accounting: Introduction to Bank Reconciliation Statements
ZIMSEC O Level Principles of Accounts Notes: Introduction to Bank Reconciliation Statements
- When we looked at the Cash Book we mentioned that all bank related transactions are recorded in it
- We glaringly ignored one fact the bank is also a business
- They have their own set of records about our deposits and withdrawals
- In modern times due to […]