commerce notes Archives - Page 13 of 22 - Free ZIMSEC & Cambridge Revision Notes

Advice Note

By garikaib|2025-02-12T09:09:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Advice Note. Image credit Affordablecolourpint.co.uk ZIMSEC O Level Commerce Notes: Advice Note

Is sent by a supplier to a buyer.
It notifies the buyer that goods he/she ordered are now on the way.
It helps the customer to make arrangements to receive the goods.
It gives the buyer to […]

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Night Safe Facilities and Safe Deposit boxes

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

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

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 garikaib|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 garikaib|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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Ocean Tankers

By garikaib|2025-02-12T09:28:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An oil tanker. Image credit arabiangazette.com ZIMSEC O Level Commerce Notes: Transport: Ocean Tankers

Tankers

They are large in size ranging from a few thousand tons to over 500 000 tons in size.
They are a bulky type of carrier ship that specialise in transporting liquids e.g. […]

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Email and Internet

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

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

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

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

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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February 2025