commerce notes Archives - Page 17 of 22 - Free ZIMSEC & Cambridge Revision Notes

Commerce Notes: The Grain Marketing Board
Gallery
Commerce Notes: The Grain Marketing Board

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce Notes: The Grain Marketing Board

By garikaib|2025-02-12T09:24:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Wholesale Trade:The Grain Marketing Board

It buys and sells grain from farmers
It sells grain to consumers, millers and importers
It stores grain in its silos
It evens out the supply of grain
Prevents shortages of grain
Controls the price of grain
Collects grain from farmers
Controls the price of grain
Collects grain from […]

Comments Off

Commerce: Management Functions: Coordinating
Gallery
Commerce: Management Functions: Coordinating

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Coordinating

By garikaib|2025-02-12T09:26:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Coordinating

In our introduction to management, we defined what management is
In general terms, management is the work of doing work through others
We also mentioned the fact that management can be defined in terms of its functions/duties that a manager is expected to carry out
In that regard […]

Comments Off

The three levels of Production

By garikaib|2025-02-12T09:17:02+02:00February 12th, 2025|Notes, Ordinary Level Notes|

Katiyo tea estate, farming is a primary level activity. Image credit. birdingzimbabwe.com ZIMSEC O Level Commerce Notes: The three levels of production

The three levels of production

Primary
is concerned with the extraction of raw materials from the earth’s surface. For […]

Comments Off

Types of bank accounts

By garikaib|2025-02-12T09:06:21+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Types of bank accounts. Image credit bet.com ZIMSEC O Level Commerce Notes: Money and Banking: Types of Bank Accounts

Savings accounts

Are used to keep the customer’s money safe.
Are suitable for small saves with regular incomes.
Have a low opening and minimum balance usually $0.
Withdrawals are […]

Comments Off

Trade and Cash discounts

By garikaib|2025-02-12T09:29:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit seawaytrail.com ZIMSEC O Level Commerce Notes: Retail Trade: Trade and Cash discounts

Trade discount

a gross deduction from the gross invoice or catalog price
given by one trader to another
varies with the quantity and type of goods purchased and is deducted at the point of sale
usually the rate […]

Comments Off

Persuasive Advertising

By garikaib|2025-02-12T08:58:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Persuasive Advertisement. Image credit McDonalds. ZIMSEC O Level Commerce Notes: Advertising: Persuasive Advertising

Persuasive/Competitive advertising

These are undertaken by individual businesses for the main purpose of promoting its own products using its brand names at the expense of other manufacturers producing similar products with different brand names.
Producers will […]

Comments Off

Factors which affect the mode of transport

By garikaib|2025-02-12T09:16:31+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A goods truck. Image credit continental-truck-tires.com ZIMSEC O Level Commerce Notes: Transport: Factors which affect the mode of transport

Factors which determine the mode of transport to carry goods

The nature of the goods:
For example perishable goods such as bread and meat needs fast transport e.g. […]

Comments Off

Surface and Airmail

By garikaib|2025-02-12T09:31:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Airmail envelope. Image credit prexie-era.org ZIMSEC O Level Commerce Notes: Communication: Surface and Airmail

Both forms of mail are often colloquially referred to as snail mail.

Surface mail

mail is sent by land to its destination.
Ordinary envelopes are used.
The postage cost is low.
The delivery time is […]

Comments Off

Importance of statistics to insurance

By garikaib|2025-02-12T08:58:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit dhariya.com ZIMSEC O Level Commerce Notes: Insurance: Importance of statistics to insurance

Importance of statistical records in insurance.

Actuaries make extensive use of statistics in insurance
Insurance contracts are based on the statistics.
Risk is asses to determine whether:
It can be accepted or not.
Help in determining a fair premium.
At […]

Comments Off

Functions of wholesalers: To producers and manufactures

By garikaib|2025-02-12T09:14:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit stocktraque.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Functions of wholesalers: To producers and manufactures

To the producers/manufacturers

The wholesaler:
Collects orders from numerous retailers.
Provides manufacturers with market information on consumer want and competitor activities.
Stores finished products.
Clears manufacturer’s production lines thus allowing manufacturers and […]

Comments Off

February 2025