commerce notes Archives - Page 15 of 22 - Free ZIMSEC & Cambridge Revision Notes

Radio paging, tele messages and Prestel

By garikaib|2025-02-12T08:56:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A radio pager. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Communication: Radio paging, tele messages and Prestel

Radio paging

Is a one way communication system.
Is an internal means of communication.
I used by people in an organisation only.
Is hired from the post office.
A public address system […]

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Functions of insurance brokers

By garikaib|2025-02-12T09:11:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Insurance brokers. Image credit imagefiesta.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance brokers

Functions of insurance brokers.

They bring into contact the public seeking insurance cover and insurance companies.
Are agents of insurance companies.
Gather information on insurance companies or types of policies that these offer.
Give expert advice […]

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Functions of customs and excise authorities

By garikaib|2025-02-12T09:28:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Chirundu Border Post. Image credit trademarksa.org ZIMSEC O Level Commerce Notes: Functions of customs and excise authorities

Collect and revenue for the government by charging customs and excise duties.
Collect, keep and analyse records of imported and exported goods and services.
Control bonded warehouses to ensure that duty […]

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Bills of exchange

By garikaib|2025-02-12T09:43:35+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A bill of exchange. Image credit delcampe.net ZIMSEC O Level Commerce Notes: Bill of exchange

Bill of exchange

The Bill of Exchange Act defines the bill of exchange as:
An unonditional order in writing, addressed by one person to another, singed by the person giving […]

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Multinational Companies

By garikaib|2025-02-12T09:06:48+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delta is a local example of an MNC. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Multinational Companies

Features

Also known as Trans-national companies.
They are found in the private sector.
They are large limited liability businesses which have:
subsidiaries operating in other […]

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Reasons why Parastatals are turned into Public Limited companies (privatised)

By garikaib|2025-02-12T09:18:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dairibord Milk. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Reasons why Parastatals are turned into Public Limited companies (privatised)

Reasons why parastatals are converted into public limited companies.

To reduce the burden on the taxpayer for example parastatals are often subsidised using tax-payer’s money.
To improve efficiency of […]

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Impotance of Communication
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Impotance of Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Impotance of Communication

By garikaib|2025-02-12T09:32:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Communication

Communication is important.
Enables traders to contact:
buyers
suppliers
employees
to receive and send payments.
To receive and send orders.
To settle queries.
To arrange contracts.
To lodge complaints.
To give and receive information.
To give and receive information.
Can be through letter, telephone etc.

To access more topics go to the Commerce Notes page.

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Commerce: Management Functions: Organising
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Commerce: Management Functions: Organising

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Organising

By garikaib|2025-02-12T09:25:21+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Organising

During the introduction, we examined what management is
We said management is the art of doing work through others
Also, it was mentioned that management can be defined in terms of its functions/duties that every manager is expected to perform
These functions include planning, organising, coordinating, leading and […]

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Introduction

By garikaib|2025-02-12T09:15:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Airbus 380 being assembled. Image credit themanufacturer.com ZIMSEC O Level Commerce Notes: Production: Introduction:Good and Services

Production-is the provision of goods and services to satisfy human needs and wants.

Goods and Services (Products)

goods– these are tangible items with physical attributes for example a car.
Goods can be classified as:
durable […]

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Telebanking

By garikaib|2025-02-12T09:05:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Telebanking. Image credit coastal24.com ZIMSEC O Level Commerce Notes: Money and Banking: Telebanking

Telebanking

This is a service offered by banks that allow customers to make enquiries or give instructions concerning their accounts over the phone.
Instructions are usually given by customers who operate call accounts.
When customers open call […]

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February 2025