January 2023

Building Societies

By |2022-09-15T12:43:46+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

FBC Building Society. Image credit businessdaily.co.zw FBC Building Society. Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

  • Is a type of a financial institution.
  • A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or […]
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Supermarkets

By |2022-09-15T12:43:30+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

PicknPay supermaket. Picture by Source PicknPay supermarket. Picture by Source

  ZIMSEC O Level Commerce Notes: Retail Trade: Supermarkets

Supermarket

A large shop with a minimum floor area of 186 square meters, sells household goods and grocery on a cash and carry basis. They are mainly situated in busy areas like suburbs and […]

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Wholesale warehouse

By |2022-09-15T12:43:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Wholesale warehouse. Image credit flexport.com Wholesale warehouse. Image credit flexport.com ZIMSEC O Level Commerce Notes: Warehousing: Wholesale warehouse

Wholesale warehouse

  • Are used to store a variety of goods from different manufacturers.
  • Goods are stored in bulk.
  • Enables goods to be graded and packed.
  • Can be used to allow goods e.g. wine and other similar beverages […]
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The influence of prepackaging and branding on advertising

By |2022-09-15T12:43:14+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Packaging. Image credit tablet-news.net Packaging. Image credit tablet-news.net ZIMSEC O Level Commerce Notes: Advertising: The influence of prepackaging and branding on advertising

HOW BRANDING HAS INFLUENCED ADVERTISING?

  • Branding goods makes them easier to identify.
  • Because goods are given names or trademarks that distinguish them from each other.
  • Branding makes goods attractive to consumers.
  • Goods basically advertise themselves […]
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Telex and Videoconferencing

By |2022-09-15T12:42:56+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Video conference room. Image credit color-tone.com Video conference room. Image credit colortone-av.com ZIMSEC O Level Commerce Notes: Communication: Telex and Teleconferencing

Telex

  • Uses a teleprinter and a telephone.
  • Messages can be received even if the office is closed.
  • Can operate unattended.
  • Provides a written record.
  • Has a telex number
  • The message can be corrected before sending it.

Video […]

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Marine Insurance

By |2022-09-15T12:42:46+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit nauticalexpo.com Image credit nauticalexpo.com ZIMSEC O Level Commerce Notes: Insurance: Marine Insurance

Marine insurance

  • Covers against losses occurring at sea.

Cargo insurance

  • Covers against loss of goods transported by sea or goods transported by ships at sea.
  • Covers against damages or loss of goods during transportation.
  • Can be voyage policy ie. Cargo is insured […]
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Balance of Payments

By |2022-09-15T12:42:37+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Balance of payments. Image credit therecordingrevolution.com Balance of payments. Image credit therecordingrevolution.com ZIMSEC O Level Commerce Notes: Balance of Payments (B.O.P)

Balance of payments (B.O.P)

  • This is the difference between Zimbabwe’s total earnings (receipts) and total expenditure.
  • Exported goods and services less imported goods and services.
  • It is calculated for a given year.
  • When the […]
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Certificate of origin

By |2022-09-15T12:42:30+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kkfreight.com Image credit kkfreight.com ZIMSEC O Level Commerce Notes: Certificate of Origin

Certificate of origin

  • Specifies the name of the country which goods being exported have been manufactured e.g. Made in China.
  • Required for the assessment of amount of duty to be charged on imports from the country of origin.
  • Required when customs […]
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Private Limited Companies

By |2022-09-15T12:42:18+02:00January 24th, 2023|O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Dell Private Limited. Image credit freshhotjobs.com Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Private Limited Companies

  • Its operations are governed by the Companies Act.
  • Formed by 2-50 shareholders.
  • In other countries a company is formed by 2 or more people with no maximum number of shareholders.
  • Has a […]
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