February 2025

Advantages and disadvantages of Hire Purchase to the buyer

By |2025-02-12T09:29:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A furniture store. Image credit householddesigns.rock A furniture store. Image credit householddesigns.rock ZIMSEC O Level Commerce Notes: Hire Purchase

Advantages to buyer

  • There is no need for the buyer to raise the full purchase amount at once.
  • The buyer can use the goods while paying for them.
  • The profits generated from using the good(s) […]
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Send a basket

By |2025-02-12T09:36:48+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Ecoshopper. Image credit techzim.co.zw Ecoshopper. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Send a Basket.

Send a basket

  • the service is offered by cash and carry wholesalers with many branches throughout the country
  • used when a sender wants to purchase for someone located in in another area
  • the service is provided […]
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Advertising media: Posters

By |2025-02-12T09:06:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advertising: Advertising media: Posters

Posters

  • They give a vivid impression for the show, match or event.
  • Can be used to target potential consumers e.g. a music show in a certain suburb might be advertised by placing posters on walls and installations around that suburb.
  • May be used for captive audiences for example in halls, buses […]
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Modes of transport: Sea

By |2025-02-12T09:22:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

The Oriana a cruise ship from Germany. Image credit totifun.com The Oriana a cruise ship from Germany. Image credit totifun.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Sea

Sea Transport.

Advantages

  • Is cheap.
  • Suitable for:
  • bulky cargo e.g. crude oil.
  • Heavy goods e.g. mineral ores.
  • Mixed cargo i.e. different goods.
  • Different types and sizes of ships […]
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Expedited Mail Service

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

USPS EMS packages. Image credit usps.com USPS EMS packages. Image credit usps.com ZIMSEC O Level Commerce Notes: Communication: Expedited Mail Service

Expedited Mail Service.

  • Used when items need to reach their destination quickly and safely.
  • I used to send valuable articles e.g. certificates or documents.
  • The sender hands the parcel over the post office counter.
  • The EMS […]
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Business Insurance

By |2025-02-12T09:06:22+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Business Insurance. Image credit vitasinsurance.com Business Insurance. Image credit vitasinsurance.com ZIMSEC O Level Commerce Notes: Insurance: Business Insurance

Transit insurance.

  • Covers goods during the transportation from the time they are loaded onto the transport vehicle until the time they are offloaded at their destination.
  • The policy may be specific e.g. it states the […]
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Differences between Home and International trade

By |2025-02-12T09:19:48+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit iccwbo.org image credit iccwbo.org ZIMSEC O Level Commerce Notes: Differences between Home and International trade

  • Home trade is buying is the buying and selling of goods and services between people within a country’s borders ( Zimbabwe).
  • International trade involves the buying and selling of goods between people in one […]
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Indent document

By |2025-02-12T09:37:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit gotomyies.com Image credit gotomyies.com ZIMSEC O Level Commerce Notes: Indent document

Indent

  • An order to buy goods abroad.
  • Sent by an importer (principal) to an agent overseas.
  • Gives details of:
  • types, quantities and prices of goods required.
  • How the goods are to be forwarded.
  • Marking or numbers on crates […]
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Commerce: Partnership Deed

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

Image credit flcker.com Image credit flickr.com ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

  • Drafted by partners.
  • Contains:
  • The objectives of forming the partnership.
  • The amount of capital each partner is going to contribute towards the partnership.
  • Duties, responsibilities and rights of each partner.
  • Terms and conditions under which the partnership operates.
  • Circumstances under which the […]
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