January 2023

Product: Introduction

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: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

By |2022-09-15T12:33:52+02:00January 24th, 2023|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

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: 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: Competition, Controlling Imports and Exports

By |2022-09-15T12:33:40+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the businesses: Competition, Controlling Imports and Exports

  • The government has a lot of incentives to control and regulate the operation of businesses
  • Control and regulation can be achieved in a number of ways
  • In this topic we will look at economic policies of the government
  • These include:
  • Regulating competition

    • […]

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Barriers to effective communication

By |2022-09-15T12:34:11+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Emotional barrier. Image credit moneycrashers.com

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Communication in Business: Barriers to effective communication

  • A communication barrier is an obstacle that prevents the flow of communication within the organisation
  • Communication barriers lead to communication failure
  • Barriers can be found at each level during the communication process
  • That is they can be found during […]
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Problems of high labour turnover

By |2022-09-15T12:34:04+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:Problems of high labour turnover

  • Labour turnover is essential for the health of the organisation:
    1. It prevents stagnation in the workplace through the infusion of new blood and ideas
    2. It allows the organisation to adapt to changing demands
    3. It allows the organisation to replace ageing workforce

Problems of high […]

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The Product Life Cycle

By |2022-09-15T12:33:57+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: The Product Life Cycle

  • The term product life cycle is used to describe the phases through which a product passes from its introduction to decline
  • It is a basic fact in business that all products introduced go through a number of phases from their introduction to their eventual elimination
  • Generally a product […]
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Price Variations

By |2022-09-15T12:33:52+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:Price Variations

  • In addition to employing varies pricing strategies  firms can also make use of price variations
  • This is when prices are adjusted depending on a variety of factors
  • This is usually achieved by using discounts
  • There are therefore a number of discounts
  • Discounts for bulk purchases
  • Discounts for prompt payments
  • Purchases […]
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