commerce notes Archives - Free ZIMSEC & Cambridge Revision Notes

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

Specialist wholesalers.

These wholesalers:
Specialise or are experts on one line of products e.g. sale of fruits like FAVCO.
Offer expert advice to customers on […]

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Del Credere agents

By garikaib|2025-02-12T09:33:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit uthmag.com ZIMSEC O Level Commerce Notes: International trade: Del Credere Agents

Del credere agents.

Del credere is Italian for “to trust”
Possess the goods they sell.
Have insurable interest on the goods in their possession
Sell goods on behalf of their principals.
Sell goods in their own names.
Deliver goods to […]

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The Consumer Council of Zimbabwe (CCZ)
Gallery
The Consumer Council of Zimbabwe (CCZ)

Notes, O Level Commerce Notes, Ordinary Level Notes

The Consumer Council of Zimbabwe (CCZ)

By garikaib|2025-02-12T08:58:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Consumer Council of Zimbabwe (CCZ)

Receives complaints from consumers and then investigates them.
Settles disputes via arbitration between consumers and traders.
Files lawsuits on behalf of consumers.
Educates consumers on their rights.
Provides advice to consumers, ie. advises consumers to buy wisely by comparing prices and quality of products.
Conducts spot checks to […]

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February 2025