Notes Archives - Page 61 of 189 - Free ZIMSEC & Cambridge Revision Notes

Money and its characteristics

By garikaib|2025-02-12T09:32:04+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Money. Image credit noirg.org ZIMSEC O Level Commerce Notes: Money and its characteristics

Money was developed to overcome some of the problems of barter trade.
There are many forms of money viz:
Bank notes and coins
Cheques
Money orders
Bills of exchange
Postal Orders

Legal tender

Bank notes and coins are legal tender.
These are issued […]

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Telebanking

By garikaib|2025-02-12T09:05:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Telebanking. Image credit coastal24.com ZIMSEC O Level Commerce Notes: Money and Banking: Telebanking

Telebanking

This is a service offered by banks that allow customers to make enquiries or give instructions concerning their accounts over the phone.
Instructions are usually given by customers who operate call accounts.
When customers open call […]

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Department Store

By garikaib|2025-02-12T09:22:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Greatermans. Image credit finacialgazette.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Department store

Department store

a multistory building with several shops under one roof
located in the city centre where land is more expensive
sells a wide range of goods in different departments
each department sells one line of goods
the buyer […]

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Manufacturer’s warehouse depot

By garikaib|2025-02-12T09:40:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Tools in a warehouse. Image credit tools-warehouse.co.uk ZIMSEC O Level Commerce Notes: Warehousing: Manufacturer’s warehouse depot

Manufacturers’s warehouse depot

They are used to store equipment and spares.
They are used to store finished manufactured goods.
They are used to store raw materials to be used in the […]

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Advertising Media:Magazines

By garikaib|2025-02-12T09:05:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Magazine stand. Image credit blogspot.com Magazine stand. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media:Magazines

Magazines

Advertisements in magazines may be:
In colour for greater impact.
Detailed.
Repeated if necessary.
Of high quality production.
Passed on to other readers
Made to cater for selected audiences.
The cost per each exposure is very low.
They provide a wide […]

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Modes of transport: Air transport

By garikaib|2025-02-12T09:18:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A DHL cargo plane. Image credit airnewstimes.co.uk ZIMSEC O Level Commerce Notes: Transport: Air transport

Air transport.

Advantages

Is fast over long distances.
It is a relatively safe mode of transporting goods i.e.:
There are less riks of theft of and damage of goods during transportation.
The insurance costs […]

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Registered Mail and Recorded Deliveries

By garikaib|2025-02-12T09:35:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Registered mail. Image credit grosvenorauctions.com ZIMSEC O Level Commerce Notes: Communication: Registered Mail and Recorded Deliveries

Registered mail.

Used to send cash and valuables like certificates.
Special envelopes are used.
Articles must be handed over the counter.
A receipt is obtained as proof of postage.
They can be traced if lost.
Can […]

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Proximate cause and the Average clause: Under and over insuring

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

Image credit yourinsurancequestion.com ZIMSEC O Level Commerce Notes: Insurance: Proximate cause and the Average clause: Under and over insuring

This prevents the insured from making a profit by:

1) Under-insuring a risk or paying less premiums.

When a loss is incurred under such circumstances the insurer will not indemnify the […]

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Functions of wholesalers: To producers and manufactures

By garikaib|2025-02-12T09:14:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit stocktraque.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Functions of wholesalers: To producers and manufactures

To the producers/manufacturers

The wholesaler:
Collects orders from numerous retailers.
Provides manufacturers with market information on consumer want and competitor activities.
Stores finished products.
Clears manufacturer’s production lines thus allowing manufacturers and […]

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Excise Duty and the calculation of duty

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

Image credit sofiaecho.com ZIMSEC O Level Commerce Notes: Excise Duty

Why excise duty is paid?

Excise duty is taxed on certain specified home produced goods for example tobacco meant for consumption in the home market in order to:
Raise revenue for the government.
Discourage consumption of dangerous products.
Reduce domestic demand.
Release more […]

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February 2025