Business Studies Paper 2 November 2012 (Without Answers)
ZIMSEC SCHOOL EXAMINATIONS COUNCIL
General Certificate of Education Advanced Level
BUSINESS STUDIES […]
February 2025
Hourly rate/Time rate
Teachers receive a time rate pay. Image credit atlantablackstar.comZIMSEC O Level Business Studies Notes: Hourly rate/Time rate
- This is a way of paying workers based on the time/hours spent working
- The number of hours is calculated by multiplying a pre-agreed rate with the […]
Delegation
Delegation. Image credit blackenterprise.com
ZIMSEC O Level Business Studies Notes: Delegation
- Delegation-is the transfer of authority and responsibility by a superior/manager to a subordinate
- to carry out specific function,duties and tasks
- The delegator remains accountable for the outcome of the delegated work
- Delegation results in decentralisation
[…]
Types of Industrial Action
ZIMSEC O Level Business Studies Notes: Managing Human Resources: Trade Unions: Types of Industrial Action
- If and when there is a failure in negotiations and conflict resolution employees may resort to industrial action
- Industrial action refers to steps that employees can take to force management to accept their demands
- There are various types of industrial action:
- Withdrawal of cooperation
[…]
Marketing:Introduction
ZIMSEC O Level Business Studies Notes: Marketing:Introduction
- Is the business/organisational function concerned with identifying, anticipating and satisfying consumer needs and wants at a profit
- The marketing process involves market research to identify consumer needs and wants
- Once these needs are identified the organisation then satisfied by creating/providing products at the best possible price thus attaining a profit
- Marketing also […]
Promotional Publicity
ZIMSEC O Level Business Studies Notes: Marketing: Promotional Publicity
- Is a type of promotion that relies mainly on press releases to the media
- Although this often involves mass communication promotional publicity distinguishes itself from advertising in that the information is published for free
- Thus this type of promotion that relies on public relations effect of a news story which […]
Batch Production
ZIMSEC O Level Business Studies Notes: Production: Batch Production
- Is a method of production where products are made in batches
- The products are made in groups rather than individually as in job production or in a continuous stream as in flow production
- Each batch is completed before starting the next group of products
- For example a shoe maker can […]
Business Studies: Budgets an introduction
ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Ratio Analysis:Budgets an introduction
- As pointed out in another topic one of the principal functions of management is planning
- It involves creating predetermined courses of action (i.e. plans)
- A budget is a plan of action for achieving quantified objectives
- Budgets are plans of action expressed in quantitative(measurable) terms
[…]
November 2003 Business Studies Paper 2
This paper was set during the hyper-inflationary period hence the unusually high figures for items e.g the selling price for a pair of shoes. The structure of the paper and its nature has not changed however. 
Students writing an exam. Image by Herald […]
Piece Rate
ZIMSEC O Level Business Studies Notes: Piece Rate
- This when a payment is made to a worker for each unit that the worker has produced
- Workers wages depend on the quantity they have produced
- It does not consider the time spent by workers in producing each unit
- Piece rate system is the method of remunerating the workers according to […]