February 2025

Bank Loans and Overdrafts

By |2025-02-12T09:39:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit forexsiteds.com Image credit forexsiteds.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Loans and Overdrafts

Bank Overdrafts

  • Are an informal way of borrowing money.
  • They are given to current account holders only.
  • Are a short term form of borrowing.
  • Interest is charged daily on the amounts owing.
  • The interest rate levied on these […]
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Trade and Cash discounts

By |2025-02-12T09:29:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit seawaytrail.com Image credit seawaytrail.com ZIMSEC O Level Commerce Notes: Retail Trade: Trade and Cash discounts

Trade discount

  • a gross deduction from the gross invoice or catalog price
  • given by one trader to another
  • varies with the quantity and type of goods purchased and is deducted at the point of sale
  • usually the rate […]
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Introduction, Purpose and importance of Advertising

By |2025-02-12T08:56:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet Advert. Image credit techzim.co.zw Econet Advert. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Advertising: Introduction, Purpose and importance of Advertising

Advertising

  • It is the act or practice of calling public attention to one’s product, service, need, etc.,

Purpose/Importance of advertising to consumers

  • It informs consumers about the following:
  • The prices of various goods […]
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The construction of dams for multiple purposes

By |2025-02-12T09:09:53+02:00February 12th, 2025|Notes, O Level Geography, Ordinary Level Notes, River Processes|

Lake Kariba. Image credit newsday.co.zw Lake Kariba. Image credit newsday.co.zw ZIMSEC O Level Geography Notes: River Processes: The construction of dams for Multiple purposes

  • a barrier constructed to hold back water and raise its level, forming a reservoir.
  • Daming involves the building across a river to hold the water back.
  • Strictly speaking the […]
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Telephone

By |2025-02-12T09:41:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit globe-views.com Image credit globe-views.com ZIMSEC O Level Commerce Notes: Communication: Telephone

Telephone

  • Rented from Tel One.
  • Allows dialogue between the parties involved.
  • Replies are immediate if the person is present to receive the phone call.
  • Calls can be dialed directly using STD.
  • Calls can be made locally or internationally.
  • Subscribers are allocated unique numbers.
  • Subscriber’s numbers […]
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Vehicle Insurance

By |2025-02-12T09:07:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit netcarshow.com Image credit netcarshow.com ZIMSEC O Level Commerce Notes page: Insurance: Vehicle Insurance

Vehicle insurance.

  • There are many types of vehicle insurance viz:

Third party insurance

  • Is compulsory under the Road Traffic Act (RTA)
  • Applies to motor vehicle insurance.
  • Covers claims from the public who may be injured by the vehicle.
  • Covers public property damaged […]
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Introduction, importance and reasons for International Trade

By |2025-02-12T09:19:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit energypress.eu Image credit energypress.eu ZIMSEC O Level Commerce Notes: Introduction, importance and reasons for International Trade

  • Trade is the buying and selling of goods and services in order to satisfy the needs and wants of consumers.
  • Trade between two countries is known as bilateral trade.
  • Trade between more than two countries […]
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