commerce notes Archives - Page 12 of 22 - Free ZIMSEC & Cambridge Revision Notes

Wholesale warehouse

By garikaib|2025-02-12T09:41:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

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 garikaib|2025-02-12T09:08:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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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Oil Bulk Ore (O.B.O) Ships

By garikaib|2025-02-12T09:26:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Sabrina I, a bulk carrier. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Oil Bulk Ore (O.B.O) Ships

Bulk Carriers

They are also known as Bulk Carriers.
They are a specialised type of ship (tankers) which carry special types of cargo.
These are bulk carrier […]

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Telex and Videoconferencing

By garikaib|2025-02-12T09:42:56+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 garikaib|2025-02-12T09:08:02+02:00February 12th, 2025|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 garikaib|2025-02-12T09:23:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 garikaib|2025-02-12T09:40:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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 garikaib|2025-02-12T09:04:24+02:00February 12th, 2025|O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

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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Trade Association

By garikaib|2025-02-12T09:16:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ACCA Offices. Image credit applepieghana.com ZIMSEC O Level Commerce Notes: Trade Associations

Is:

an organisation formed by traders in the same line of business/industry e.g. Association of Certified Chartered Accountants (ACCA), Bankers Association of Zimbabwe etc.
Is found in the private sector.
Protects the interests of its member […]

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Importance of Warehousing

By garikaib|2025-02-12T09:30:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large scale retailer's warehouse. Image credit www.restaurantdepot.com Large scale retailer’s warehouse. Image credit www.restaurantdepot.com ZIMSEC O Level Commerce Notes: Aids to Trade: Warehousing

Warehousing

Enables the safe storage of:
raw materials
equipment and machinery
finished goods
partly finished goods
spare parts
goods in transit.
Enables raw materials to be ordered ahead of demand.
Enables continuous production of goods.
Enable goods to be […]

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February 2025