January 2023

Private Limited Companies

By |2022-09-15T12:42:18+02:00January 24th, 2023|O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Dell Private Limited. Image credit freshhotjobs.com Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Private Limited Companies

  • Its operations are governed by the Companies Act.
  • Formed by 2-50 shareholders.
  • In other countries a company is formed by 2 or more people with no maximum number of shareholders.
  • Has a […]
Read More
Comments Off on Private Limited Companies

Trade Association

By |2022-09-15T12:42:08+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ACCA Offices. Image credit applepieghana.com ACCA Offices. Image credit applepieghana.com ZIMSEC O Level Commerce Notes: Trade Associations

Is:

Read More
Comments Off on Trade Association

Advantages and Disadvantages of Private Limited Companies

By |2022-09-15T12:42:19+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dell Private Limited. Image credit freshhotjobs.com Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Private Limited Companies

Advantages

  • Operate as separate legal entities meaning:
  • they can sue and be sued in their own name.
  • Can make contracts in their own name.
  • Shareholders enjoy limited liability.
  • Can raise more […]
Read More
Comments Off on Advantages and Disadvantages of Private Limited Companies

Public corporations/ Parastatals

By |2022-09-15T12:42:07+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A ZUPCO bus. Image credit bulawayo24.com A ZUPCO bus. Image credit bulawayo24.com ZIMSEC O Level Commerce Notes: Public Corporations/Parastatals and Public Utilities

Features

  • Established by an act of parliament.
  • Provides essential goods and services e.g. transport (NRZ)
  • The main aim is to provide essential services at affordable prices.
  • Have no profit motive.
  • Are separate legal […]
Read More
Comments Off on Public corporations/ Parastatals

Advantages and Disadvantages of Public Limited Companies

By |2022-09-15T12:42:16+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet is an example of a PLC Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Public Limited Companies

Advantages

  • They are separate legal entities.
  • Shareholders have limited liability.
  • Shares can be freely transferred on the stock exchange.
  • Membership is open to the public since shares are […]
Read More
Comments Off on Advantages and Disadvantages of Public Limited Companies

Advantages and disadvantages of Public corporations/ Parastatals

By |2022-09-15T12:42:07+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Megawatt building. Image credit newsday.co.zw Megawatt building. Image credit newsday.co.zw ZIMSEC O Level Commerce Notes: Advantages and disadvantages of Public corporations/ Parastatals

Advantages

  • The government controls the provision of strategic products.
  • Provides products at cheap prices.
  • Provides employment to people.
  • Reduces duplication of resources .
  • Enjoy limited liability.
  • Implement government policies i.e. in terms of setting the […]
Read More
Comments Off on Advantages and disadvantages of Public corporations/ Parastatals

Public Limited Companies

By |2022-09-15T12:42:17+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Econet is an example of a PLC Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Public Limited Companies

Formation

  • Membership is open to the public.
  • Membership is by invitation through a prospectus.
  • Formed by at least two shareholders and there is no upper limit.
  • Governed by the Companies Act.
  • The founding […]
Read More
Comments Off on Public Limited Companies

Multinational Companies

By |2022-09-15T12:42:15+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delta is a local example of an MNC. Image credit Nehandaradio.com Delta is a local example of an MNC. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Multinational Companies

Features

  • Also known as Trans-national companies.
  • They are found in the private sector.
  • They are large limited liability businesses which have:
  • subsidiaries operating in other […]
Read More
Comments Off on Multinational Companies

Reasons why Parastatals are turned into Public Limited companies (privatised)

By |2022-09-15T12:42:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dairibord Milk. Image credit herald.co.zw Dairibord Milk. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Reasons why Parastatals are turned into Public Limited companies (privatised)

Reasons why parastatals are converted into public limited companies.

  • To reduce the burden on the taxpayer for example parastatals are often subsidised using tax-payer’s money.
  • To improve efficiency of […]
Read More
Comments Off on Reasons why Parastatals are turned into Public Limited companies (privatised)
Toggle Sliding Bar Area
Go to Top