February 2025

Marketing: Introduction to Elasticity of Demand

By |2025-02-12T09:13:44+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Introduction to Elasticity of Demand

  •  Elasticity of demand to which demand for a good or service varies with its price
  • It is a measure of how sensitive or how responsive is demand to changes in the price of a product
  • An elastic product is a product whose demand is sensitive or responsive to […]
Read More
Comments Off on Marketing: Introduction to Elasticity of Demand

Methods of controlling quality

By |2025-02-12T09:32:39+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

  • Quality is fitness for a particular purpose
  • Quality means the produced product meets customer expectations
  • Various methods are used by businesses to achieve and maintain quality
  • These methods include:

Quality Control

  • Quality control is the process of checking quality at the end of the production line to ensure that it meets set benchmarks and standards

Quality Assurance

  • is a more comprehensive […]
Read More
Comments Off on Methods of controlling quality

Introduction to break even analysis

By |2025-02-12T09:17:47+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Introduction to break even analysis

  • It is a simple decision making aid used to discover the level of output/activity that is required before profits are made
  • It can also be used to discover the level of activity/output required to achieve a set level of profits
  • Break even analysis is […]
Read More
Comments Off on Introduction to break even analysis

Free Market Economy

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

ZIMSEC O Level Business Studies Notes: Communication: Free Market Economy

Characteristics/Features

• All the resources (factors of production) are owned by private individuals.
• Profit is the main motive of all business.
• There is little or no government interference in business activities.
• Producers are free to produce how much they want, for whomever they want.
• Consumers are free […]

Read More
Comments Off on Free Market Economy

Non Financial Motivation: Job Enrichment

By |2025-02-12T09:35:33+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Job enrichment is a non-financial method to motivate workers. Image credit unieducar.org.br Job enrichment is a non-financial method to motivate workers. Image credit unieducar.org.br ZIMSEC O Level Business Studies Notes: Non Financial Motivation: Job Enrichment

  • is a management concept that involves redesigning jobs so that they are more challenging to the […]
Read More
Comments Off on Non Financial Motivation: Job Enrichment

Informal and Formal groups

By |2025-02-12T09:10:31+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

An informal group of friends. Image credit huffingtonpost.com

ZIMSEC O Level Business Studies Notes: Informal and Formal groups

  • Businesses are formal groups which are created to perform an economic activity and achieve set objectives which may include profit, growth, provision of essential services etc.
  • Informal groups can emerge within these […]
Read More
Comments Off on Informal and Formal groups

Communication in Business: Reports

By |2025-02-12T08:55:52+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Reports are an integral part of business. Image credit entrepreneur.com

ZIMSEC O Level Business Studies Notes: Leadership: Communication in Business: Reports

  • A report is an account given of a particular matter, especially in the form of an official document, after thorough investigation or consideration by an appointed person or body
  • In […]
Read More
Comments Off on Communication in Business: Reports

The recruitment process

By |2025-02-12T09:18:03+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: The recruitment process

  • Recruitment is the process of finding the best candidate for the job either from within or outside the organisation
  • The process should be carried out in a timely, efficient and effective manner
  • The recruitment process includes analyzing the requirements of a job,
  • and attracting […]
Read More
Comments Off on The recruitment process
Toggle Sliding Bar Area
Go to Top