February 2025

Export and Import merchants

By |2025-02-12T09:35:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit importingmadeasy.com Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

  • Perform the functions of traders (i.e. wholesalers or retailers).
  • Buy goods from local manufacturers.
  • Sell these goods abroad.
  • Buy and sell goods in their own names.
  • Sell goods at a profit.
  • Pay cash immediately for goods bought.
  • Reduce manufactures’ problems by exporting […]
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Commerce: Sole Trader

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

Sole Trader. Image credit geograph.org.uk Sole Trader. Image credit geograph.org.uk ZIMSEC O Level Commerce: Sole Trader Business

Sole Trader

Features

  • Is owned by one person who provides all the capital.
  • Their motive is to make profit.
  • Tends to be small in size.
  • Has few legal formalities.
  • Easy to form as they require little start up capital.
  • Controlled and […]
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Commerce:Debentures

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

Debenture certificate. Image credit catawiki.com Debenture certificate. Image credit catawiki.com ZIMSEC O Level Commerce Notes: Debentures

Debentures

  • Are loan capital or money borrowed from financial institutions and individuals.
  • Earn interest at a fixed rate.
  • Interest is paid whether or not a company has made profits.
  • Debentures are creditors to the company.
  • A safe form of investment.
  • May […]
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The Standards Association of Zimbabwe

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

Image credit businessdaily.co.zw Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: The Standards Association of Zimbabwe (SAZ)

  • Adopts and adapts international standards of products, performance, safety and quality.
  • Prepares standards of products for Zimbabwean manufacturers.
  • Issues copies of standards specification to producers.
  • Tests products for quality.
  • Authorises companies to use the SAZ seal of approval.
  • Ensures that […]
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Cambrige Notes: Private Limited Companies

By |2025-02-12T09:07:12+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Ordinary Level Notes|

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 lot of legal formalities including:
  • It has to create an Articles of Association, Memorandum of Association and […]
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Commerce: Advantages And Disadvantages Of Being An Entrepreneur

By |2025-02-12T09:13:36+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advantages And Disadvantages Of Being An Entrepreneur

  • We have looked at what an entrepreneur is here
  • Now we will look at the advantages and disadvantages of being an entrepreneur
  • Running your own business obviously has its own advantages

Advantages of being an entrepreneur

  • If you are an entrepreneur you become your own […]
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Hire Purchase

By |2025-02-12T09:28:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

TV Sales and Hire offers Hire Purchases. TV Sales and Hire offers Hire Purchases. ZIMSEC O Level Commerce Notes: Hire Purchase

  • Is a method of buying consumer durables such as Television sets on credit.

Characteristics

  • A written agreement between the buyer and seller is required.
  • A deposit is paid followed by installments (usually on a […]
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The clearing of cheques

By |2025-02-12T09:15:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Image credit dailymail.co.uk Image credit dailymail.co.uk ZIMSEC O Level Commerce Notes: Money and Banking: The clearing of Cheques.

  • There are three ways and circumstances in which a cheque may be cleared.

If the payee and drawer use the same bank and branch

  1. The payee deposits the cheque into his/her account.
  2. The payee is credited […]
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Self-selection and Self-service

By |2025-02-12T09:35:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Buffet is an example of self-service. Image credit Media-Wiki Buffet is an example of self-service. Image credit Media-Wiki ZIMSEC O Level Commerce Notes: Retail Trade: Self-selection and Self-service

Self-selection

  • is a method of selling goods used in department stores and variety chain stores
  • cash points are dotted throughout the store
  • a customer pays for […]
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Advertising Media:Magazines

By |2025-02-12T09:05:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Magazine stand. Image credit blogspot.com Magazine stand. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media:Magazines

Magazines

  • Advertisements in magazines may be:
  • In colour for greater impact.
  • Detailed.
  • Repeated if necessary.
  • Of high quality production.
  • Passed on to other readers
  • Made to cater for selected audiences.
  • The cost per each exposure is very low.
  • They provide a wide […]
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