January 2023

Types of Trade Unions

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

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Types of Trade Unions

  • Trade Unions can be categorized into different groups
  • Below is a list of various trade unions and their descriptions:

Craft Unions

  • Union representing workers who share the same skill-set or who perform identical tasks,
  • these workers might be working in different industries; for example, electricians and plumbers.

    • […]

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Off the job training

By |2022-09-15T12:34:02+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: Training: Off the job training

  • This is when instruction and training are provided away or outside the work environment
  • There are a number of off the job training methods including:
  • Lessons and lectures-this is the traditional method of training that takes place in Universities, Colleges and schools
  • Case […]
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Promotion: Advertising

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: Packaging

  • To advertise is to describe or draw attention to (a product, service, or event) in a public medium in order to promote sales or attendance
  • Advertising involves the use of various media to relay promotion messages
  • It is non-personal and directed towards large  numbers of people (mass communication)
  • It uses media […]
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Supply and Demand (Market Forces)

By |2022-09-15T12:33:47+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Production: Supply and Demand (Market Forces)

  • In a free market economy the forces of supply and demand determine the price at which a product is sold
  • These two forces: supply and demand are also known as market forces
  • They are used to determine the price at which customers are willing to purchase […]
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Business Studies: Profitability Ratios

By |2022-09-15T12:33:44+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:Profitability Ratios

  • These measures indicate how well a business is performing in terms of its ability to generate profit
  • The ratios relate profits to sales and assets
  • There are three commonly used ratios:
  • Return on Capital Employed (ROCE)
  • Profit Margin and
  • Profit Markup

Return on Capital Employed

  • Is normally […]
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Business Studies: Pressure groups in Zimbabwe

By |2022-09-15T12:33:38+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the business:Pressure groups in Zimbabwe

  • These are non-profit and usually voluntary organization whose members have a common cause for which they seek to influence political or corporate decision makers to achieve a declared objective
  • Pressure groups lobby on behalf of their members to ensure that their cause is held and […]
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F W Taylor’s Theory of Scientific Management

By |2022-09-15T12:37:41+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

A factory worker. Image credit thejournal.co.uk A factory worker. Image credit thejournal.co.uk  ZIMSEC O Level Business Studies Notes: F W Taylor’s Theory of Scientific Management

  • Taylor lived in an era when management was an ad hoc practice rather than a true and trained discipline
  • He was mainly concerned with increasing the […]
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Chain of Command,Line vs Staff Authority

By |2022-09-15T12:37:31+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Staff and Line Staff. Image credit usine-digitale.fr Staff and Line Staff. Image credit usine-digitale.fr

ZIMSEC O Level Business Studies Notes: Chain of Command,Line vs Staff Authority

  • Chain of command-refers to the hierarchy of authority by which order, directions and communications are passed down from the top to the bottom
  • It is […]
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Trade Unions in Zimbabwe and their types

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

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Trade Unions in Zimbabwe and their types

There are a number of trade unions that operate in Zimbabwe. Below is a list of some of them and their categories. As clearly demonstrated a trade union can belong to more than one category.

NB Due to persistent economic crisis that have greatly […]

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