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Impotance of Communication
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Impotance of Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Impotance of Communication

By garikaib|2022-09-15T12:41:58+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Communication

Communication is important.
Enables traders to contact:
buyers
suppliers
employees
to receive and send payments.
To receive and send orders.
To settle queries.
To arrange contracts.
To lodge complaints.
To give and receive information.
To give and receive information.
Can be through letter, telephone etc.

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Importance of Insurance

By garikaib|2022-09-15T12:41:58+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit anu.edu.au

Image credit anu.edu.au ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Insurance

Insurance

Provides health insurance cover through medical aid scheme and covers:
against risks of loss of goods due to fire or theft
employees at work through employer’s liability
goods in transit
embezzlement of funds through fidelity guarantee policy.
Bad debts through […]
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Importance of Banking

By garikaib|2022-09-15T12:41:59+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com

Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Aids to Trade: Banking

Banking

Enables making of payments.
Enables receiving of payment through cheques, stop order or bill of exchange.
Keeps money safe through current, savings, deposit and fixed accounts.
Acts as trustees and executors.
Acts as underwriters when they buy unsubscribed shares of public […]
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Importance of Advertising

By garikaib|2022-09-15T12:41:59+02:00August 7th, 2015|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: Aids to Trade: Advertising

Advertising

Provides information on:
goods available.
Prices of goods
types of goods sold e.g. quality of goods.
Where to buy the goods.
Persuades customers to buy.
Launches new products.
Increases sales.
Increases profits.
Enables a trader to fight competition.
Reminds customers about existing goods […]
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Importance of Warehousing

By garikaib|2022-09-15T12:41:59+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large scale retailer's warehouse. Image credit www.restaurantdepot.com

Large scale retailer’s warehouse. Image credit www.restaurantdepot.com ZIMSEC O Level Commerce Notes: Aids to Trade: Warehousing

Warehousing

Enables the safe storage of:
raw materials
equipment and machinery
finished goods
partly finished goods
spare parts
goods in transit.
Enables raw materials to be ordered ahead of demand.
Enables continuous production of goods.
Enable goods to be […]
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Importance of Transport

By garikaib|2022-09-15T12:42:00+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

An oil pipeline. Image credit MediaWiki

An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Aids to Trade: Transport

Enables one to carry:
raw materials.
Finished goods.
Partly finished goods.
Spare parts.
Equipment and machinery.
Executives.
Sales persons whilst at work.
Workers to and from work.
Can be used to advertise.
Goods can be carried by road, rail, air,sea, pipeline.
Ives […]
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August 2015

Impotance of Communication

Impotance of Communication

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Importance of Insurance

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Importance of Banking

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Importance of Advertising

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Importance of Warehousing

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Importance of Transport

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