January 2023

Written Communication

By |2022-09-15T12:37:24+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Written Communication. Image credit theodysseyonline.com

ZIMSEC O Level Business Studies Notes: Written Communication

  • Involves any type of message that involves the use of the written word
  • It includes things like emails, reports, letters, instant messages (Whatsapp and Facebook)

Advantages

  • Same message can be delivered to different receives with speed e.g. an […]
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Problems of communication failure/ineffective communication

By |2022-09-15T12:34:10+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Communication in Business: Problems of communication failure/ineffective communication

  • The importance of communication to a business cannot be overestimated
  • Communication problems and failure will lead to:
  • Inefficiency
  • Failure to formulate and communication plans and objectives
  • Failure to achieve the organisation’s goals
  • Demotivation, low morale and other problems with employees for example […]
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On the job training methods

By |2022-09-15T12:34:03+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Human Resources Management: On the job training methods

  • this is when instruction and training is provided during the work itself
  • There are a number of on the job training methods:
  • Demonstration-a practical exhibition and explanation of how something works or is performed
  • Coaching-involves focusing on the individual trainee’s needs, observing […]
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Promotion:Introduction

By |2022-09-15T12:33:56+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Promotion

  • Organizations come up with promotional strategies to communicate with customers or clients
  • Promotional strategy- the choice of a target market and formulation of the most appropriate promotion mix to influence it.
  • Promotion refers to the organisational function concerned with the advancement of a product, idea, or point of view through publicity […]
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Factors to consider when choosing a distribution channel

By |2022-09-15T12:33:51+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Factors to consider when choosing a distribution channel

  • As pointed out elsewhere business have to choose from a number of distribution channels
  • In instance the business has to consider several factors when deciding on the most appropriate channel to use
  • These factors include:

The nature of the product

  • for example industrial products are […]
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Business Studies: Ratio Analysis: Introduction

By |2022-09-15T12:33:45+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Ratio Analysis: Introduction

  • Businesses record financial transactions as part of the finance and accounting function
  • This financial information is presented in the form of financial statements also known as final accounts at the end of each year/trading period
  • This information is used by various stakeholders of the business to make […]
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Business Studies: Aiding and protecting the employee

By |2022-09-15T12:33:39+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the business:Aiding and protecting the employee

  • Employees are quite vulnerable in a number of ways
  • This is especially true during times when unemployment is high as is the case in Zimbabwe
  • High unemployment erodes the bargaining power of employees leaving them at the mercy of employers
  • There are therefore laws […]
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Stakeholders of the Business

By |2022-09-15T12:40:54+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes, Principles of Accounts Notes|

Every business has several stakeholders Every business has several stakeholders. Image credit modernservantleader.com ZIMSEC O Level Business Studies Notes: Stakeholders of the Business

  • Many people are involved in running a business.
  • Some have direct interest while others have indirect interest in the running of the business.
  • These individuals or groups are known as […]
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