commerce notes Archives - Free ZIMSEC & Cambridge Revision Notes

The three levels of Production

By garikaib|2025-02-12T09:17:02+02:00February 12th, 2025|Notes, Ordinary Level Notes|

Katiyo tea estate, farming is a primary level activity. Image credit. birdingzimbabwe.com ZIMSEC O Level Commerce Notes: The three levels of production

The three levels of production

Primary
is concerned with the extraction of raw materials from the earth’s surface. For […]

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Types of bank accounts

By garikaib|2025-02-12T09:06:21+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Types of bank accounts. Image credit bet.com ZIMSEC O Level Commerce Notes: Money and Banking: Types of Bank Accounts

Savings accounts

Are used to keep the customer’s money safe.
Are suitable for small saves with regular incomes.
Have a low opening and minimum balance usually $0.
Withdrawals are […]

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Trade and Cash discounts

By garikaib|2025-02-12T09:29:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit seawaytrail.com ZIMSEC O Level Commerce Notes: Retail Trade: Trade and Cash discounts

Trade discount

a gross deduction from the gross invoice or catalog price
given by one trader to another
varies with the quantity and type of goods purchased and is deducted at the point of sale
usually the rate […]

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Persuasive Advertising

By garikaib|2025-02-12T08:58:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Persuasive Advertisement. Image credit McDonalds. ZIMSEC O Level Commerce Notes: Advertising: Persuasive Advertising

Persuasive/Competitive advertising

These are undertaken by individual businesses for the main purpose of promoting its own products using its brand names at the expense of other manufacturers producing similar products with different brand names.
Producers will […]

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Factors which affect the mode of transport

By garikaib|2025-02-12T09:16:31+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A goods truck. Image credit continental-truck-tires.com ZIMSEC O Level Commerce Notes: Transport: Factors which affect the mode of transport

Factors which determine the mode of transport to carry goods

The nature of the goods:
For example perishable goods such as bread and meat needs fast transport e.g. […]

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Surface and Airmail

By garikaib|2025-02-12T09:31:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Airmail envelope. Image credit prexie-era.org ZIMSEC O Level Commerce Notes: Communication: Surface and Airmail

Both forms of mail are often colloquially referred to as snail mail.

Surface mail

mail is sent by land to its destination.
Ordinary envelopes are used.
The postage cost is low.
The delivery time is […]

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Importance of statistics to insurance

By garikaib|2025-02-12T08:58:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit dhariya.com ZIMSEC O Level Commerce Notes: Insurance: Importance of statistics to insurance

Importance of statistical records in insurance.

Actuaries make extensive use of statistics in insurance
Insurance contracts are based on the statistics.
Risk is asses to determine whether:
It can be accepted or not.
Help in determining a fair premium.
At […]

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Functions of wholesalers: To producers and manufactures

By garikaib|2025-02-12T09:14:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit stocktraque.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Functions of wholesalers: To producers and manufactures

To the producers/manufacturers

The wholesaler:
Collects orders from numerous retailers.
Provides manufacturers with market information on consumer want and competitor activities.
Stores finished products.
Clears manufacturer’s production lines thus allowing manufacturers and […]

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Excise Duty and the calculation of duty

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

Image credit sofiaecho.com ZIMSEC O Level Commerce Notes: Excise Duty

Why excise duty is paid?

Excise duty is taxed on certain specified home produced goods for example tobacco meant for consumption in the home market in order to:
Raise revenue for the government.
Discourage consumption of dangerous products.
Reduce domestic demand.
Release more […]

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