business studies Archives - Page 6 of 13 - Free ZIMSEC & Cambridge Revision Notes

November 2003 Business Studies Paper 2

By garikaib|2025-02-12T09:37:12+02:00February 12th, 2025|A Level Business Studies Exams|

This paper was set during the hyper-inflationary period hence the unusually high figures for items e.g the selling price for a pair of shoes. The structure of the paper and its nature has not changed however. Students writing an exam. Image by Herald […]

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Piece Rate
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Piece Rate

Notes, O Level Business Studies Notes, Ordinary Level Notes

Piece Rate

By garikaib|2025-02-12T09:24:06+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Piece Rate

This when a payment is made to a worker for each unit that the worker has produced
Workers wages depend on the quantity they have produced
It does not consider the time spent by workers in producing each unit
Piece rate system is the method of remunerating the workers according to […]

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Tall and Flat organisational structures

By garikaib|2025-02-12T09:42:08+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Tall vs Flat Organisational structures. Image credit Huffingtonpost.com

ZIMSEC O Level Business Studies Notes: Tall and Flat organisational structures

Organisational structures can also, among other terms and ways, be described as either tall or flat
This is done by looking at the layers […]

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Employer’s responses to industrial action
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Employer’s responses to industrial action

Notes, O Level Business Studies Notes, Ordinary Level Notes

Employer’s responses to industrial action

By garikaib|2025-02-12T09:15:25+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Managing Human Resources: Trade Unions: Employer’s responses to industrial actions

When negotiations between employers and employees fail, employees may engage in industrial action
Employers may counter these actions using various methods including:
1. Dismissal of offending employees
2. Manipulation and cooptation- i.e. buy off the leaders of the industrial action
3. Lockout the strikers
4. Strike breaking […]

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The Marketing Department
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The Marketing Department

Notes, O Level Business Studies Notes, Ordinary Level Notes

The Marketing Department

By garikaib|2025-02-12T09:35:54+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing:The Marketing Department

Is responsible for executing and implementing the organisation’s marketing functions
It carries out functions such as:
1. Marketing research:
  1. Identifying opportunities that lie in the market that the business might exploit
  2. Carrying out desk and field research
  3. Analyzing data gathered from marketing research and making decisions
2. New product development in […]

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Marketing: Sales Promotion
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Marketing: Sales Promotion

Notes, O Level Business Studies Notes, Ordinary Level Notes

Marketing: Sales Promotion

By garikaib|2025-02-12T09:11:12+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Sales Promotion

Refers to all forms of promotion other than advertising or personal selling
Stimulation of sales achieved through contests,
demonstrations,
discounts,
exhibitions or trade shows,
games,
giveaways,
point-of-sale displays and merchandising,
special offers,
trial periods
and similar activities.
Sales promotions are normally employed in a supportive role together with other forms […]

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Flow Production/Line Production
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Flow Production/Line Production

Notes, O Level Business Studies Notes, Ordinary Level Notes

Flow Production/Line Production

By garikaib|2025-02-12T09:29:09+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Production: Flow Production/Line Production

This is also known as assembly line or continuous production
It is a method used to manufacture, produce, or process materials without interruption to produce products
It involves repetitive manufacturing processes in which each product passes through the same sequence of operations,
and the machines and other equipment are […]

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Uses, advantages and disadvantages of budgets
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Uses, advantages and disadvantages of budgets

Notes, O Level Business Studies Notes, Ordinary Level Notes

Uses, advantages and disadvantages of budgets

By garikaib|2025-02-12T09:13:33+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: Ratio Analysis: Budgets: Uses, advantages and disadvantages of budgets

Facilitate coordination between departments within the organisation
Helps to assign and clarify responsibilities e.g. the production department must produce and the marketing department sell produced units
Help to translate strategic plans into actionable departmental goals
Improves communication
Help to control […]

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