February 2025

Introduction

By |2025-02-12T09:15:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Airbus 380 being assembled Airbus 380 being assembled. Image credit themanufacturer.com ZIMSEC O Level Commerce Notes: Production: Introduction:Good and Services

  • Production-is the provision of goods and services to satisfy human needs and wants.

Goods and Services (Products)

  • goods– these are tangible items with physical attributes for example a car.
  • Goods can be classified as:
  • durable […]
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Telebanking

By |2025-02-12T09:05:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Telebanking. Image credit coastal24.com Telebanking. Image credit coastal24.com ZIMSEC O Level Commerce Notes: Money and Banking: Telebanking

Telebanking

  • This is a service offered by banks that allow customers to make enquiries or give instructions concerning their accounts over the phone.
  • Instructions are usually given by customers who operate call accounts.
  • When customers open call […]
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Informative advertising

By |2025-02-12T08:57:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Informative advert. Image credit econet.co.zw Informative advert. Image credit econet.co.zw ZIMSEC Commerce O Level Notes: Advertising: Informative advertising

  • This is a form of advertising that provides precise detail of goods and services.
  • It is especially used when launching new products, changes in prices and to tell where and how to buy the company’s […]
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Transport Modes: Rail

By |2025-02-12T09:15:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Rail.

Rail transport.

Advantages.

  • Fast over long distances.
  • Is cheap over long distances.
  • Suitable for carrying:
  • heavy goods […]
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Communication introduction and its importance

By |2025-02-12T09:30:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Communication. Image credit wordpress.com Communication. Image credit wordpress.com ZIMSEC O Level Commerce Notes: Communication: Communication introduction and its importance

  •  is the imparting or exchanging of information or news.
  • In Commerce communication refers to the sending and receiving information from one person to another through postal or telecommunication services.

The importance of communication

  • Allows the sending […]
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Introduction,basic concepts and importance of insurance

By |2025-02-12T08:57:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit moneychoice.org Image credit moneychoice.org ZIMSEC O Level Commerce Notes: Insurance: Introduction,basic concepts and importance of insurance

  • Insurance is the pooling of risks.
  • an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of […]
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Functions of insurance underwriters

By |2025-02-12T09:11:57+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Old Mutual. Image credit thezimbabwedaily.com Old Mutual. Image credit thezimbabwedaily.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance underwriters

Functions of underwriters.

  • Are insurers (insurance companies) who provide insurance cover.
  • Assess risks (examine details in the proposal form)
  • Cover or accept risks by:
  • Singing their names against risks they have agreed to cover.
  • Charge and […]
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Bonded warehouses and International Trade

By |2025-02-12T09:29:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMSEC O Level Commerce Notes: Bonded warehouses and International Trade

Why customs authorities control bonded warehouses

  • Bonded warehouses are used to store […]
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Functions of the Zimbabwe International Trade Fair ( ZITF)and Export Processing Zones Authority (EPZA)

By |2025-02-12T09:45:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZITF exhibition. Image credit radiodialogue.com ZITF exhibition. Image credit radiodialogue.com ZIMSEC O Level Commerce Notes: Functions of the Zimbabwe International Trade Fair ( ZITF)and Export Processing Zones Authority (EPZA)

Functions of the Zimbabwe International Trade Fair ( ZITF)

  • The fair is advertised extensively both locally and internationally.
  • Facilitates trade between Zimbabwean and Foreign companies.
  • Enables local and […]
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