February 2025

Importance of cash flow to the business

By |2025-02-12T09:38:51+02:00February 12th, 2025|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: Monetary and Fiscal Policies

By |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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The need for/importance of effective communication

By |2025-02-12T09:03:01+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Communication in Business: The need for/importance of effective communication

  • Communication is said to be effective when it is received and understood in the manner in which the sender intended
  • Effective communication is essential to the achievement of the organisation’s goals
  • Without communication it would be hard to define the organisation’s […]
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Labour Turnover

By |2025-02-12T09:25:07+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: Labour Turnover

  • It is a statistical measure of the number of people who leave an organisation’s employ versus the number of people who remain in that organisation’s employment in a given year
  • It is expressed as a ratio:
  • \dfrac{\text{Number of people who left}}{\text{Avergage number of people employed}} […]
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Product: Introduction

By |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

By |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

By |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: Competition, Controlling Imports and Exports

By |2025-02-12T09:30:13+02:00February 12th, 2025|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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