commerce notes Archives - Page 19 of 22 - Free ZIMSEC & Cambridge Revision Notes

Transport Modes: Rail

By garikaib|2025-02-12T09:15:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Rail.

Rail transport.

Advantages.

Fast over long distances.
Is cheap over long distances.
Suitable for carrying:
heavy goods […]

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Communication introduction and its importance

By garikaib|2025-02-12T09:30:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Communication. Image credit wordpress.com ZIMSEC O Level Commerce Notes: Communication: Communication introduction and its importance

is the imparting or exchanging of information or news.
In Commerce communication refers to the sending and receiving information from one person to another through postal or telecommunication services.

The importance of communication

Allows the sending […]

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Introduction,basic concepts and importance of insurance

By garikaib|2025-02-12T08:57:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit moneychoice.org ZIMSEC O Level Commerce Notes: Insurance: Introduction,basic concepts and importance of insurance

Insurance is the pooling of risks.
an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of […]

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Functions of insurance underwriters

By garikaib|2025-02-12T09:11:57+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Old Mutual. Image credit thezimbabwedaily.com ZIMSEC O Level Commerce Notes: Insurance: Functions of insurance underwriters

Functions of underwriters.

Are insurers (insurance companies) who provide insurance cover.
Assess risks (examine details in the proposal form)
Cover or accept risks by:
Singing their names against risks they have agreed to cover.
Charge and […]

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Bonded warehouses and International Trade

By garikaib|2025-02-12T09:29:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMSEC O Level Commerce Notes: Bonded warehouses and International Trade

Bonded Warehouses are also looked at under the Warehousing Topic here.

Why customs authorities control bonded warehouses

Bonded warehouses are used to store […]

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Functions of the Zimbabwe International Trade Fair ( ZITF)and Export Processing Zones Authority (EPZA)

By garikaib|2025-02-12T09:45:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZITF exhibition. Image credit radiodialogue.com ZIMSEC O Level Commerce Notes: Functions of the Zimbabwe International Trade Fair ( ZITF)and Export Processing Zones Authority (EPZA)

Functions of the Zimbabwe International Trade Fair ( ZITF)

The fair is advertised extensively both locally and internationally.
Facilitates trade between Zimbabwean and Foreign companies.
Enables local and […]

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Advantages and Disadvantages of Multinational Companies

By garikaib|2025-02-12T09:07:15+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: Advantages and Disadvantages Multinational Companies

Advantages

Pays taxes to increase revenue for the host government.
Creates employment to local people.
Brings the latest technology to the […]

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Prospectus

By garikaib|2025-02-12T09:18:56+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Prospectus. Image credit docstoc.com ZIMSEC O Level Commerce Notes: Prospectus(privatised)

Prospectus

Is prepared by founders of the company or an issuing house after the registration of a public limited company.
Is sent for approval to the registrar of companies before members of the public are invited to subscribe for […]

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Commerce Notes: The Grain Marketing Board
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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 […]

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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 […]

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February 2025