February 2025

Commerce: Advantages and Disadvantages of Partnerships

By |2025-02-12T09:03:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit registrogiulia.info Image credit registrogiulia.info ZIMSEC O Level Commerce Notes: Advantages and Disadvantages of Partnerships

Advantages

  • Management is duties are shared amongst the partners.
  • More capital can be raised.
  • More skills are available resulting in better quality decision making.
  • Specialisation is possible.
  • Partners can consult one another.
  • There are fewer legal formalities.
  • Losses are shared amongst partners.

Disadvantages

  • Disputes may […]
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PBC: Statement of Incorporation

By |2025-02-12T09:15:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit resourcefulrealacademy.com Image credit resourcefulrealacademy.com ZIMSEC O Level Commerce Notes: PBC: Incorporation Statement

  • Is prepared and drafted by a PBC.
  • Contains:
  • the name of the PBC ending with the words Private Business Corporation or PBC.
  • Postal address of the PBC.
  • Physical address of the registered office.
  • Full name and National Identity number of each […]
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Private Limited Companies

By |2025-02-12T09:04:24+02:00February 12th, 2025|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 […]
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Trade Association

By |2025-02-12T09:16:05+02:00February 12th, 2025|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:

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Advantages and Disadvantages of Private Limited Companies

By |2025-02-12T09:04:50+02:00February 12th, 2025|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 […]
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Public corporations/ Parastatals

By |2025-02-12T09:16:43+02:00February 12th, 2025|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 […]
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