February 2025

Money and Banking: Introduction

By |2025-02-12T09:26:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Barter Trade. Image credit passnow.com Barter Trade. Image credit passnow.com ZIMSEC O Level Commerce Notes: Money and Banking: Introduction

  • As already mentioned the development of specialisation led to the development of trade people sought to satisfy their unmet needs and disposed the excess goods and services they had produced.
  • This led to […]
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Small scale Retailers

By |2025-02-12T09:18:44+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Roadside Vendors are quite popular along Harare's roads Roadside Vendors are quite popular along Harare’s roads. Picture by Celebrity

  ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers. ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers.

Small scale retailers

  • are usually owned by individuals
  • are found in the private […]
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Self-selection and Self-service

By |2025-02-12T09:35:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Buffet is an example of self-service. Image credit Media-Wiki Buffet is an example of self-service. Image credit Media-Wiki ZIMSEC O Level Commerce Notes: Retail Trade: Self-selection and Self-service

Self-selection

  • is a method of selling goods used in department stores and variety chain stores
  • cash points are dotted throughout the store
  • a customer pays for […]
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Advertising Media

By |2025-02-12T09:01:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

TV is an example of advertising media. Image credit zopper.com TV is an example of advertising media. Image credit zopper.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media

  • Advertisements can be placed in any of the following media including:
  • Radio
  • TV
  • Newspaper
  • Magazines
  • Fliers
  • Posters
  • Trade Journals

Factors to be considered when choosing the best advertising medium

  • The size of […]
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Transport Modes: Rail

By |2025-02-12T09:15:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Rail.

Rail transport.

Advantages.

  • Fast over long distances.
  • Is cheap over long distances.
  • Suitable for carrying:
  • heavy goods […]
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Communication introduction and its importance

By |2025-02-12T09:30:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Communication. Image credit wordpress.com Communication. Image credit wordpress.com ZIMSEC O Level Commerce Notes: Communication: Communication introduction and its importance

  •  is the imparting or exchanging of information or news.
  • In Commerce communication refers to the sending and receiving information from one person to another through postal or telecommunication services.

The importance of communication

  • Allows the sending […]
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Introduction,basic concepts and importance of insurance

By |2025-02-12T08:57:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit moneychoice.org Image credit moneychoice.org ZIMSEC O Level Commerce Notes: Insurance: Introduction,basic concepts and importance of insurance

  • Insurance is the pooling of risks.
  • an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of […]
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Functions of insurance brokers

By |2025-02-12T09:11:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Insurance brokers. Image credit imagefiesta.com Insurance brokers. Image credit imagefiesta.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance brokers

Functions of insurance brokers.

  • They bring into contact the public seeking insurance cover and insurance companies.
  • Are agents of insurance companies.
  • Gather information on insurance companies or types of policies that these offer.
  • Give expert advice […]
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Measures the government can use to control trade

By |2025-02-12T09:25:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Beitbridge border post. image credit thezimbabwemail.co.zw Beitbridge border post. image credit thezimbabwemail.com ZIMSEC O Level Commerce: Measures the government can use to control trade

Trade (tariff) barriers.

  • These are measures taken by government to reduce imports and in some cases ban trade completely with some countries.

Customs (import) duty

  • A tax levied on imported […]
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