February 2025

Labour Turnover

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

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Human Resources Management: Labour Turnover

  • It is a statistical measure of the number of people who leave an organisation’s employ versus the number of people who remain in that organisation’s employment in a given year
  • It is expressed as a ratio:
  • \dfrac{\text{Number of people who left}}{\text{Avergage number of people employed}} […]
Read More
Comments Off on Labour Turnover

Product: Introduction

By |2025-02-12T08:57:07+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Product

  • A product is either a good or a service
  • They are the means by which businesses meet the needs and wants of the customers
  • Thus a product can be a good, idea, method, information, object or service created as a result of a process and serves a need or satisfies a want

    • […]

Read More
Comments Off on Product: Introduction

Competitor oriented pricing

By |2025-02-12T09:17:56+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Competitor oriented pricing

  • This is when a firm sets the prices of its products in relation to those of competitors
  • Instead of charging prices based on costs or customer perceptions prices are based on what the competitors are charging
  • This typically involves charging prices that are in line with those of competitors
  • The […]
Read More
Comments Off on Competitor oriented pricing

The role and importance of the accounting function

By |2025-02-12T09:40:19+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The role and importance of the accounting function

  • Accounting is the organisational function that is primarily concerned with:
    1. devising methods for recording transactions, and actually recording those transactions
    2. keeping financial records,
    3. performing internal audits,
    4. reporting and analyzing financial information to the management,
    5. and advising on taxation matters
  • It is […]
Read More
Comments Off on The role and importance of the accounting function

Business Studies: Monetary and Fiscal Policies

By |2025-02-12T09:29:17+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the businesses: Monetary and Fiscal Policies

  • As has already been pointed out in another topic the government has several reasons to want to aid and influence the operations of businesses
  • There are a number of ways in which the local and national governments can do this
  • In this topic […]
Read More
Comments Off on Business Studies: Monetary and Fiscal Policies

Principles of Accounting: Discount Allowed

By |2025-02-12T09:07:31+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Source Documents: Three Column Cash Book: Discount Allowed

  • As already pointed out elsewhere cash and cash equivalent are the life blood of business
  • It is also common cause that most businesses do sell goods on credit
  • To encourage prompt payment businesses offer discounts to their customers
  • When a business offers a […]
Read More
Comments Off on Principles of Accounting: Discount Allowed

Principles of Accounting: Balancing off the Accounts Example

By |2025-02-12T09:41:38+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Balancing off the Accounts Example

  • We have already looked at the steps you need to take when balancing off the accounts here
  • We will now look at a simple example:

The following transactions took place in the books of Esnath Pasipanodya in the month of August

20X7
August
1 Credit sales G Wadii $310; K […]

Read More
Comments Off on Principles of Accounting: Balancing off the Accounts Example

Principles of Accounting: Accruals and Financial Statements

By |2025-02-12T09:29:33+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Accruals and Financial Statements

  • Accruals are amounts owing at the end of the period when they are due
  • For this reason they are sometimes known as owings
  • There are two types of owings in busines:
    1. Owed income which is accrued income at the end of the period for example when the […]
Read More
Comments Off on Principles of Accounting: Accruals and Financial Statements

Principles of Accounting: Capital and Revenue Expenditure

By |2025-02-12T09:15:28+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Capital and Revenue Expenditure

  • In accounting it is paramount to separate between revenue and capital expenditure
  • Naturally all business expenditure can be classified as either revenue or capital expenditure

Capital Expenditure

  • Capital expenditure is not to be confused with the capital account or capital in general
  • Capital expenditure is when a business spends […]
Read More
Comments Off on Principles of Accounting: Capital and Revenue Expenditure

Principles of Accounting: Introduction to Liquidity Ratios

By |2025-02-12T09:33:52+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Introduction to Liquidity Ratios

  • Liquidity is a measure of how well a business can meet its short term obligations as and when they fall due
  • It is usually expressed in terms of how well the entity/business in question can convert its assets into cash
  • Short term obligations include amounts owed to creditors, bank […]
Read More
Comments Off on Principles of Accounting: Introduction to Liquidity Ratios
Toggle Sliding Bar Area
Go to Top