February 2025

Discount Houses and Merchant Banks

By |2025-02-12T09:35:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tetrad Bank. Image credit zimobinews.com Tetrad Bank. Image credit zimobinews.com ZIMSEC O Level Commerce Notes: Money and Banking: Discount Houses and Merchant Banks

Discount Houses

  • A discount house is a financial institution that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government […]
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Hypermarket

By |2025-02-12T09:21:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Retail Trade: Hypermarket

Hypermarket

  • a large shop with a minimum selling space of 4500 square metres
  • situated on the outskirts of town where:
    1. land is cheap and plentiful
    2. there are good communication links such as roads
  • provides a car park
  • sells foodstuffs and household goods
  • sells gods at low prices( Small Profit Quick Returns […]
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Public sector warehouses

By |2025-02-12T09:43:24+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Drugs in a public warehouse. Image newvision.co.ug Drugs in a public warehouse. Image newvision.co.ug ZIMSEC O Level Commerce Notes: Warehousing: Public sector warehouses

Public sector warehouses

  • These are run by parastatals and local government authorities:
  • They are used to store:
  • building materials
  • machines
  • fuel
  • water
  • stationary
  • medical drugs
  • or any other stock that may be of national strategic interest.
  • They are […]
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Disadvantages of Advertising

By |2025-02-12T09:13:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cadbury Advertisement. Image credit jtresca.com A cadbury Advertisement. Image credit jtresca.com ZIMSEC O Level Commerce Notes: Advertising: Disadvantages of Advertising

The disadvantages of advertising to consumers.

  • It leads to overspending
  • It leads to impulse buying
  • It leads to higher prices if advertising campaign is unsuccessful.
  • Advertised goods may be harmful.
  • Some advertisements may be false, […]
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Fax (Facsimile)

By |2025-02-12T09:43:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Fax Machine. Image credit cultarmix.com Fax Machine. Image credit cultarmix.com ZIMSEC O Level Commerce Notes: Communication: Fax (Facsimile)

Facsimile (Fax)

  • The machine consists of a photocopier and a telephone circuit.
  • Fast way of sending and receiving information.
  • Used when speed is required.
  • Produces information as it is (exact copies/replicas of the send documents are received)
  • Ideal for […]
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Life Assurance

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

Life Assurance. Image credit afterjujuman.com Life Assurance. Image credit afterjujuman.com ZIMSEC O Level Commerce Notes: Insurance: Life Insurance

Life assurance

  • Covers against events that will certainly occur e.g. death.
  • The principle of indemnity does not apply.
  • Benefits are paid to spouses and children who are the beneficiaries of the policy.

Whole life policy.

  • One assures his/he […]
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Methods used to correct an unfavourable Balance of Payment

By |2025-02-12T09:24:40+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

South African border post. Image credit drivesouthafrica.co.za South African border post. Image credit drivesouthafrica.co.za ZIMSEC O Level Commerce Notes: Methods used to correct an unfavourable Balance of Payment

Methods and ways of correcting an unfavourable balance of payments.

  • The government of Zimbabwe may use the following ways to correct its BOP if its unfavourable […]
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Certificate of insurance

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

Image credit generalmills.com Image credit generalmills.com ZIMSEC O Level Commerce Notes: Certificate of insurance

Certificate of insurance

  • Provides proof that the goods being transported have been insured.
  • Has to be produced when making a claim to the insurance company, if a risk insured against has occurred.
  • Can be an open (floating) insurance policy.
  • To cove […]
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Advantages and Disadvantages of Private Limited Companies

By |2025-02-12T09:04:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dell Private Limited. Image credit freshhotjobs.com Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Private Limited Companies

Advantages

  • Operate as separate legal entities meaning:
  • they can sue and be sued in their own name.
  • Can make contracts in their own name.
  • Shareholders enjoy limited liability.
  • Can raise more […]
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