business studies notes Archives - Free ZIMSEC & Cambridge Revision Notes

Advantages and Disadvantages of a Public Limited Company

By garikaib|2025-02-12T09:06:35+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Econet is an example of a PLC. Image credit techzim.co.zw ZIMSEC O Level Business Studies Notes: Advantages and Disadvantages of a Public Limited Company

Public Limited Companies have several advantages and disadvantages

Advantages

Can raise more capital when compared to private […]

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Democratic Leadership style

By garikaib|2025-02-12T09:12:55+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Democracy means rule by the people. Image credit kalamu.com

ZIMSEC O Level Business Studies Notes: Democratic Leadership style

Is also known as participative leadership
Under this style the members of the team contribute to the decision making process
The leader asks for contribution from team members during the process of […]

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Communication in Business: Teleconferencing/ Video Conferencing

By garikaib|2025-02-12T09:09:32+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Video conferencing. Image credit bluejeans.com

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Communication in Business: Teleconferencing/ Video Conferencing

A conference is a meeting between two or more people with a shared business interest
A video conference is when such a meeting takes place with the aid of computers
Two […]

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Induction Training/Orientation
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Induction Training/Orientation

Notes, O Level Business Studies Notes, Ordinary Level Notes

Induction Training/Orientation

By garikaib|2025-02-12T09:24:13+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: Induction Training/Orientation

This is also known as induction training
It is a process of introducing a new employee to the organisation and
Introducing the organisation to the new employee
It is considered a form of training
Induction is important as it:
1. Ensures the employee is integrated as […]

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Product: Introduction
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Product: Introduction

Notes, O Level Business Studies Notes, Ordinary Level Notes

Product: Introduction

By garikaib|2025-02-12T08:57:07+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Product

A product is either a good or a service
They are the means by which businesses meet the needs and wants of the customers
Thus a product can be a good, idea, method, information, object or service created as a result of a process and serves a need or satisfies a want

[…]

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Competitor oriented pricing
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Competitor oriented pricing

Notes, O Level Business Studies Notes, Ordinary Level Notes

Competitor oriented pricing

By garikaib|2025-02-12T09:17:56+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Competitor oriented pricing

This is when a firm sets the prices of its products in relation to those of competitors
Instead of charging prices based on costs or customer perceptions prices are based on what the competitors are charging
This typically involves charging prices that are in line with those of competitors
The […]

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The role and importance of the accounting function
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The role and importance of the accounting function

Notes, O Level Business Studies Notes, Ordinary Level Notes

The role and importance of the accounting function

By garikaib|2025-02-12T09:40:19+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The role and importance of the accounting function

Accounting is the organisational function that is primarily concerned with:
1. devising methods for recording transactions, and actually recording those transactions
2. keeping financial records,
3. performing internal audits,
4. reporting and analyzing financial information to the management,
5. and advising on taxation matters
It is […]

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Business Studies: Monetary and Fiscal Policies
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Business Studies: Monetary and Fiscal Policies

Notes, O Level Business Studies Notes, Ordinary Level Notes

Business Studies: Monetary and Fiscal Policies

By garikaib|2025-02-12T09:29:17+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the businesses: Monetary and Fiscal Policies

As has already been pointed out in another topic the government has several reasons to want to aid and influence the operations of businesses
There are a number of ways in which the local and national governments can do this
In this topic […]

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Reasons why the government regulates Business activity
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Reasons why the government regulates Business activity

Notes, O Level Business Studies Notes, Ordinary Level Notes

Reasons why the government regulates Business activity

By garikaib|2025-02-12T09:07:41+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes:Reasons why the government regulates Business activity

Forms of government

There two major forms of government in Zimbabwe:
1. The local governments in the form of councils either urban or rural
2. The main national government
There are other laws which apply by virtue of treaties, SADC regulations, the African Union and United Nations