February 2025

Night Safe Facilities and Safe Deposit boxes

By |2025-02-12T09:42:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Safe Deposit Boxes. Image credit expresspage.net Safe Deposit Boxes. Image credit expresspage.net ZIMSEC O Level Commerce Notes: Money and Banking: Night Safe Facilities and Safe Deposit boxes

Night safe- facility

  • Safe guards money for traders who do their business during the night.
  • They lock their money in bags or wallets.
  • The bags are slotted […]
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Department Store

By |2025-02-12T09:22:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Greatermans. Image credit finacialgazette.co.zw Greatermans. Image credit finacialgazette.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Department store

Department store

  • a multistory building with several shops under one roof
  • located in the city centre where land is more expensive
  • sells a wide range of goods in different  departments
  • each department sells one line of goods
  • the buyer […]
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Bonded Warehouses

By |2025-02-12T09:43:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimborderguide.co.zw ZIMSEC O Level Commerce Notes: Warehousing: Bonded Warehouses

Bonded warehouses

  • These are located at ports, boarder posts, large railway stations and big cities.
  • They are privately owned but supervised by the Zimbabwe Revenue Authority […]
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Code of advertising practice

By |2025-02-12T09:13:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ethics-min Image credit gatech.edu ZIMSEC O Level Commerce Notes: Advertising: Code of advertising practice

Code of advertising practice

Its importance

  • It establishes basic standards of advertising.
  • It ensures that advertisements are:
  • legal i.e. they follow the set advertising laws and metes sets out the punishments for transgressors.
  • Ethical i.e. are they realistic and do they adhere […]
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Email and Internet

By |2025-02-12T09:44:44+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Gmail app. Image credit play.google.com Gmail app. Image credit play.google.com ZIMSEC O Level Commerce Notes: Communication: Email and Internet

Electronic Mail (Email)

  • Is the communication of information:
  • using a computer.
  • Via a telephone circuit.
  • The information is sent from one computer to another.
  • From one computer to several computers at the same time.
  • It uses modems.
  • Each subscriber […]
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Other forms of insurance: Accident, health,funeral assurance

By |2025-02-12T09:10:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Funeral. Image credit mentalfloss.com Funeral. Image credit mentalfloss.com ZIMSEC O Level Commerce Notes: Insurance: Accident and health insurance,funeral assurance

Accident insurance

  • There are two forms of accident insurance:
  • Personal accident insurance and
  • Group accident insurance

Personal accident

  • Is taken by individuals.
  • It covers against total disability arising from accidents e.g. sports stars or surgeons.

Group accident.

  • Taken by a […]
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Measures the government can use to control trade

By |2025-02-12T09:25:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Beitbridge border post. image credit thezimbabwemail.co.zw Beitbridge border post. image credit thezimbabwemail.com ZIMSEC O Level Commerce: Measures the government can use to control trade

Trade (tariff) barriers.

  • These are measures taken by government to reduce imports and in some cases ban trade completely with some countries.

Customs (import) duty

  • A tax levied on imported […]
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Airway bill

By |2025-02-12T09:41:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Air Waybill for use with FedEx An Air Waybill for use with FedEx ZIMSEC O Level Commerce Notes: International Trade: Airway bill

Airway bill

  • Also mentioned here.
  • Completed when goods are carried by air.
  • A contract to carry goods aboard an aircraft.
  • An evidence of receipt of goods on board the aeroplane.
  • Gooes together with […]
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