February 2025

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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Non Financial Motivation: Job Enrichment

By |2025-02-12T09:35:33+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Job enrichment is a non-financial method to motivate workers. Image credit unieducar.org.br Job enrichment is a non-financial method to motivate workers. Image credit unieducar.org.br ZIMSEC O Level Business Studies Notes: Non Financial Motivation: Job Enrichment

  • is a management concept that involves redesigning jobs so that they are more challenging to the […]
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Barriers to effective communication

By |2025-02-12T09:05:56+02:00February 12th, 2025|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 |2025-02-12T09:25:56+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: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 |2025-02-12T09:03:46+02:00February 12th, 2025|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 |2025-02-12T09:20:15+02:00February 12th, 2025|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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Business Studies:The profit and loss account

By |2025-02-12T09:41:12+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The profit and loss account

  • Organisations that operate on a profit basis traditionally prepare what used to be known as a trading and profit and loss account
  • Nowadays it is more generally known as an Income Statement
  • In strict financial accounting parlance it is called a Statement of Comprehensive […]
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Business Studies: Government and location of businesses

By |2025-02-12T09:31:50+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the business:Government and location of businesses

  • We have already looked at factors that affect where a business chooses to locate
  • One of the principal factors to consider is the government’s policies,laws and regulations
  • The government might pass laws prohibiting certain businesses from certain areas
  • For example heavy industries cannot […]
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