commerce notes Archives - Page 18 of 22 - Free ZIMSEC & Cambridge Revision Notes

Telephone

By garikaib|2025-02-12T09:41:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit globe-views.com ZIMSEC O Level Commerce Notes: Communication: Telephone

Telephone

Rented from Tel One.
Allows dialogue between the parties involved.
Replies are immediate if the person is present to receive the phone call.
Calls can be dialed directly using STD.
Calls can be made locally or internationally.
Subscribers are allocated unique numbers.
Subscriber’s numbers […]

Comments Off

Vehicle Insurance

By garikaib|2025-02-12T09:07:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit netcarshow.com Image credit netcarshow.com ZIMSEC O Level Commerce Notes page: Insurance: Vehicle Insurance

Vehicle insurance.

There are many types of vehicle insurance viz:

Third party insurance

Is compulsory under the Road Traffic Act (RTA)
Applies to motor vehicle insurance.
Covers claims from the public who may be injured by the vehicle.
Covers public property damaged […]

Comments Off

Difficulties faced by importers and exporters

By garikaib|2025-02-12T09:22:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

The dreaded Somali Pirates. Image credit slate.com ZIMSEC O Level Commerce Notes: Difficulties faced by importers and exporters

Different languages
Language is a barrier in international trade because it leads to communication problems.
There is a need to translate information or instructions from one language to […]

Comments Off

Consular invoice

By garikaib|2025-02-12T09:39:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit jaicourtney.net ZIMSEC O Level Commerce Notes: Consular invoice

Consular invoice

Assist customs officials to calculate customs duty where duty is charged on the value of imported goods.
Signed by a consul of the importing country certifying and confirming that the prices of the goods are correct:
prices of the […]

Comments Off

Commerce: Advantages and Disadvantages of Partnerships

By garikaib|2025-02-12T09:03:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit registrogiulia.info ZIMSEC O Level Commerce Notes: Advantages and Disadvantages of Partnerships

Advantages

Management is duties are shared amongst the partners.
More capital can be raised.
More skills are available resulting in better quality decision making.
Specialisation is possible.
Partners can consult one another.
There are fewer legal formalities.
Losses are shared amongst partners.

Disadvantages

Disputes may […]

Comments Off

PBC: Statement of Incorporation

By garikaib|2025-02-12T09:15:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit resourcefulrealacademy.com ZIMSEC O Level Commerce Notes: PBC: Incorporation Statement

Is prepared and drafted by a PBC.
Contains:
the name of the PBC ending with the words Private Business Corporation or PBC.
Postal address of the PBC.
Physical address of the registered office.
Full name and National Identity number of each […]

Comments Off

Importance of Transport

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

An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Aids to Trade: Transport

Enables one to carry:
raw materials.
Finished goods.
Partly finished goods.
Spare parts.
Equipment and machinery.
Executives.
Sales persons whilst at work.
Workers to and from work.
Can be used to advertise.
Goods can be carried by road, rail, air,sea, pipeline.
Ives […]

Comments Off

Commerce: Effective Communication
Gallery
Commerce: Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Effective Communication

By garikaib|2025-02-12T08:59:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Communication: Effective Communication

We have already looked at the basics of the communication process here
As mentioned in that introduction communication occurs between a sender and receiver
We have also looked at the importance of communication to commerce and businesses here
For communication to be useful it has to be effective
Communication […]

Comments Off

Building Societies

By garikaib|2025-02-12T09:34:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

FBC Building Society. Image credit businessdaily.co.zw ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

Is a type of a financial institution.
A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or […]

Comments Off

Supermarkets

By garikaib|2025-02-12T09:20:35+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

PicknPay supermaket. Picture by Source PicknPay supermarket. Picture by Source

ZIMSEC O Level Commerce Notes: Retail Trade: Supermarkets

Supermarket

A large shop with a minimum floor area of 186 square meters, sells household goods and grocery on a cash and carry basis. They are mainly situated in busy areas like suburbs and […]

Comments Off

February 2025