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Commerce: The Internal Business Environment
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Commerce: The Internal Business Environment

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The Internal Business Environment

By garikaib|2025-02-12T09:44:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Internal Business Environment

As already mentioned elsewhere businesses do not operate in a vacuum
The operations of a business are affected by factors internal and external to it
Here we will look at the internal business environment

The internal business environment

A business’s internal environment is made up of people known as […]

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Receipts and till slips

By garikaib|2025-02-12T09:23:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

A till slip. Image credit health24.com ZIMSEC O Level Commerce Notes: Receipts and till slips

Receipt

Is issued by a seller to a buyer.
It is used to acknowledge a cash payment.
It is evidence of a cash sale.
It shows:

The names and addresses of the buyer and seller.
date […]

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Bank Payments in Home and Internation Trade

By garikaib|2025-02-12T09:09:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Payments in Home and Internation Trade

Bank payments in Home Trade

Payments encountered in home trade are made via the following bank services:

Standing or stop order

Is a method of payment used to pay fixed amounts to creditor […]

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Franchising

By garikaib|2025-02-12T09:33:09+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Nandos shop. Image credit lovealdershot.co.uk ZIMSEC O Level Commerce Notes: Retail Trade: Franchising

Franchising

A franchise is an agreement in which a retailer (franchiser) gives the right to another trader (franchisee) to use the name of the business and to sell the franchiser’s products in a given […]

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Radio Media

By garikaib|2025-02-12T09:02:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Radio. Image credit sony.com ZIMSEC O Level Commerce Notes: Advertising: Radio

Radio

Provides sound
Has a personal impact on people’s emotions
Has a wide (usually national) coverage.
Advertisements can be repeated and timed.
The producer can target specific audiences for example certain advertisements can be flighted during certain programs that can appeal […]

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Modes of transport: Air transport

By garikaib|2025-02-12T09:18:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A DHL cargo plane. Image credit airnewstimes.co.uk ZIMSEC O Level Commerce Notes: Transport: Air transport

Air transport.

Advantages

Is fast over long distances.
It is a relatively safe mode of transporting goods i.e.:
There are less riks of theft of and damage of goods during transportation.
The insurance costs […]

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Registered Mail and Recorded Deliveries

By garikaib|2025-02-12T09:35:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Registered mail. Image credit grosvenorauctions.com ZIMSEC O Level Commerce Notes: Communication: Registered Mail and Recorded Deliveries

Registered mail.

Used to send cash and valuables like certificates.
Special envelopes are used.
Articles must be handed over the counter.
A receipt is obtained as proof of postage.
They can be traced if lost.
Can […]

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Proximate cause and the Average clause: Under and over insuring

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

Image credit yourinsurancequestion.com ZIMSEC O Level Commerce Notes: Insurance: Proximate cause and the Average clause: Under and over insuring

This prevents the insured from making a profit by:

1) Under-insuring a risk or paying less premiums.

When a loss is incurred under such circumstances the insurer will not indemnify the […]

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Specialists wholesalers and Cooperative wholesale societies

By garikaib|2025-02-12T09:16:32+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Vegetable and Fruit wholesale shop. Image credit udon-news.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Specialists wholesalers and Cooperative wholesale societies