January 2023

Economic Philosophies: Introduction

By |2022-09-15T12:29:55+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: An Introduction

  • Economic philosophies are also known as economic ideologies
  • It refers to a set of economic ideals that a given person, society, country, people ascribe to
  • It refers to what this group of people/person believe the economy ought to […]
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AS A Level Business: Franchise Business

By |2022-09-15T12:29:46+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Franchise Businesses

Characteristics/Features

  • A franchise is when […]
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The Business Environment: Introduction

By |2022-09-15T12:30:13+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: The Business Environment

  • Businesses do not operate in a vacuum
  • There are a number of factors/players that affect the way a business operates
  • For example, a business has suppliers and customers both who are critical to its operations
  • These factors can […]
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Economic Philosophies: Capitalism

By |2022-09-15T12:29:55+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: Capitalism

  • Capitalism is one of the most popular economic ideologies in the world
  • It is at the core of most of the so-called western economies
  • As already said capitalism is just one of many economic philosophies
  • At the heart of capitalism is the […]
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AS A Level Business: Multi-National Companies

By |2022-09-15T12:29:46+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Multinational Companies

  • At the most basic level, most businesses either take the form
    • Sole trader businessesPartnershipsLimited liability companies
  • However, beyond this businesses can also take other traits as they operate
  • One of these traits is that they can […]
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The External business Environment (PESTEL)

By |2022-09-15T12:30:12+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: The External business Environment (PESTEL)

  • As mentioned in our introduction to this topic
  • Businesses do not operate in isolation
  • There are external factors which also exert their influence on its operations
  • These external factors together constitute the external business environment
  • The […]
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Drawbacks And Benefits Of Capitalism

By |2022-09-15T12:29:54+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: Capitalism: Demerits and Merits

  • In our discussion of capitalism as an economic ideology
  • We explored some of its features
  • These collective features give capitalism it’s merits and demerits

Advantages of Capitalism

  • The profit […]
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AS A Level Business: Features Of A Successful Business

By |2022-09-15T12:29:46+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterpreneurship: Features of successful businesses

  • As has already been mentioned in our introduction to business
  • Businesses are formed by entrepreneurs who take the risk of combining the factors of production usually in the hope that they will make […]
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Enterprising/ Entrepreneurship : Introduction

By |2022-09-15T12:30:10+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterprising/ Entrepreneurship : Introduction

  • As said elsewhere there are four factors of production
  • These are: capital, land, labour and enterprise/entrepreneurship
  • An entrepreneur can be defined as an individual who organizes and operates a business or businesses, taking on financial risk to […]
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Economic Philosophies: Socialism

By |2022-09-15T12:29:53+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: Socialism

  • Socialism is one of the two left-leaning economic philosophies
  • It is at the core of most countries that are led by left-wing politicians
  • Indeed some of its principles have been adopted even by capitalist societies
  • At its heart is the […]
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