February 2025

Differences between Home and International trade

By |2025-02-12T09:19:48+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit iccwbo.org image credit iccwbo.org ZIMSEC O Level Commerce Notes: Differences between Home and International trade

  • Home trade is buying is the buying and selling of goods and services between people within a country’s borders ( Zimbabwe).
  • International trade involves the buying and selling of goods between people in one […]
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Indent document

By |2025-02-12T09:37:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit gotomyies.com Image credit gotomyies.com ZIMSEC O Level Commerce Notes: Indent document

Indent

  • An order to buy goods abroad.
  • Sent by an importer (principal) to an agent overseas.
  • Gives details of:
  • types, quantities and prices of goods required.
  • How the goods are to be forwarded.
  • Marking or numbers on crates […]
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Commerce: Partnership Deed

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

Image credit flcker.com Image credit flickr.com ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

  • Drafted by partners.
  • Contains:
  • The objectives of forming the partnership.
  • The amount of capital each partner is going to contribute towards the partnership.
  • Duties, responsibilities and rights of each partner.
  • Terms and conditions under which the partnership operates.
  • Circumstances under which the […]
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Consumer Rights

By |2025-02-12T09:28:42+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit thestylemedic.com Image credit thestylemedic.com ZIMSEC O Level Commerce Notes: Consumer Rights

  • The right to basic human needs:
  • consumers must have access to basic needs such as food, clothing, water, shelter, education and health care.
  • The right to safety:
  • Consumers must be protected against goods and service or production processes which are dangerous […]
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Cambrige Notes: Differences between shares and debentures

By |2025-02-12T09:07:35+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Differences between shares and debentures

To access more topics go to the Commerce Notes page.

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Advantages and disadvantages of Hire Purchase to the seller

By |2025-02-12T09:30:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Furniture shop. Image credit roomandboard.com Furniture shop. Image credit roomandboard.com ZIMSEC O Level Commerce Notes: Hire Purchase

Details shown on Hire Purchase goods

  • A description of the goods.
  • The cash price of the goods.
  • The total Hire Purchase Price i.e. the cash price + the relevant finance charges
  • The required deposit amount.
  • The amount and number […]
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Small scale Retailers

By |2025-02-12T09:18:44+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Roadside Vendors are quite popular along Harare's roads Roadside Vendors are quite popular along Harare’s roads. Picture by Celebrity

  ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers. ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers.

Small scale retailers

  • are usually owned by individuals
  • are found in the private […]
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Warehouses and importance of warehousing

By |2025-02-12T09:39:39+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Goods in a warehouse. Image credit herald.co.zw Goods in a warehouse. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Warehousing : Warehouses and importance of warehousing

Warehouses

  • a large building where raw materials or manufactured goods may be stored prior to their distribution for sale.
  • Are used to sore goods prior to sale, […]
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Advertising media: Flyers/Leaflets and Direct Mail

By |2025-02-12T09:07:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Man handing out a flyer to a motorist at an intersection in Harare. Image credit Mrflyer.co.zw Man handing out a flyer to a motorist at an intersection in Harare. Image credit Mrflyer.co.zw ZIMSEC O Level Commerce notes: Advertising: Advertising media: Fliers/Leaflets

Leaflets

  • Are cheap and easy to produce.
  • Have low distribution costs
  • May not reach […]
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