January 2023

Autocratic Leadership style

By |2022-09-15T12:37:26+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Uniformed services usually use an autocratic leadership style

ZIMSEC O Level Business Studies Notes: Autocratic Leadership style

  • Under this style of leadership there is an autocratic leader
  • The leader is an authoritarian i.e requires and expects strict obedience and authority
  • The leader is a dictator
  • The leader assumes all the […]
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Communication in Business: Phones

By |2022-09-15T12:35:30+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: Phones

  • Phones are one of the most popular means of communication in business
  • To such an extent that virtually every business has a phone
  • The advent of mobile phones means that almost every individual has a phone
  • In Zimbabwe over […]
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Employment contract

By |2022-09-15T12:34:06+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: Employment contract

  • A contract is a voluntary, deliberate, and legally binding agreement between two or more competent parties
  • An employment contract is such a contract between an employer and employee
  • When there is a successful candidate is selected he or she is offered a contract of employment

    • […]

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Marketing mix

By |2022-09-15T12:33:58+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Marketing mix

  • Refers to a set of marketing tools that the firm uses to pursue its marketing objectives in the target market
  • It is used to describe four variable decisions that a business has to make when it is marketing its products
  • These variables are also known as the four Ps viz:

    • […]

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Customer oriented pricing

By |2022-09-15T12:33:53+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

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

  • This is pricing based on the demand for the product and customer’s perceptions of the product’s value
  • Various techniques are used
  • Perceived value pricing-is where the price is chosen to position the product in the market
  • A price is chosen which is consistent with the image of the product
  • This […]
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Importance of cash flow to the business

By |2022-09-15T12:33:46+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Importance of cash flow to the business

  • It is important for a business to manage its cash flow carefully
  • As pointed out in the introduction there is a difference between cash flow and profitability
  • It is quite possible for a business to be profitable and still have cash flow […]
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Business Studies: The uses and limitations/weaknesses of break even analysis

By |2022-09-15T12:33:41+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Break even analysis: The uses and limitations/weaknesses of break even analysis

  • Break even analysis has it’s strengths and weaknesses

Advantages/Uses/Strengths of Break even analysis

  • Break even analysis is an important investment appraisal option as it allows management to quickly asses the viability of a proposition
  • Margin of safety calculations are […]
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Advantages and Disadvantages of a Public Limited Company

By |2022-09-15T12:40:43+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Econet is an example of a PLC. Image credit techzim.co.zw 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 |2022-09-15T12:37:26+02:00January 24th, 2023|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 |2022-09-15T12:34:47+02:00January 24th, 2023|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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