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

Functions of a Seaport authority

By garikaib|2025-02-12T09:38:12+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A ship docked at Rhizhao seaport. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Functions of a Seaport authority

Functions of a Sea-Port Authority

Ensure that seaports are accessible from the inland by both road and rail.
Ensures efficient handling of both imports […]

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Documents used in Insurance

By garikaib|2025-02-12T09:04:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit alleencareer.com Image credit allincareer.com ZIMSEC O Level Commerce Notes: Insurance: Documents used in Insurance

Documents used in insurance

The following documents are used in insurance:

Prospectus.

Shows the types of risks that can be covered.
Shows the name of the insurance company.
Contains premium to be paid.
States compensation to be paid.

Proposal form

An application for […]

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Marketing Boards

By garikaib|2025-02-12T09:17:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tobacco field. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Wholesale Trade: Marketing Boards

Reasons for setting up Marketing Boards.

These are set up by the government for the following reasons:
To store agricultural produce.
To reduce monopolies in the selling a certain strategic goods.
To control the selling and buying […]

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Export and Import merchants

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

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

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

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

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
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Cambrige Notes: Private Limited Companies

Cambridge O Level/ IGSCE Accounts Notes, Ordinary Level Notes

Cambrige Notes: Private Limited Companies

By Garikai Dzoma|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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