Differences between Ordinary and Preference Shares
Share certificate. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Differences between Ordinary and Preference Shares
To access more topics go to the Commerce Notes page.
February 2025
Consumer Rights
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 […]
Cambrige Notes: Differences between shares and debentures
ZIMSEC O Level Commerce Notes: Differences between shares and debentures
To access more topics go to the Commerce Notes page.
Advantages and disadvantages of Hire Purchase to the seller
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 […]
Small scale Retailers
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 […]
Warehouses and importance of warehousing
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, […]
Advertising media: Flyers/Leaflets and Direct Mail
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 […]
Tramp ships
Tramp ship carrying containers. Image credit ecuadoratyourservice.com ZIMSEC O Level Commerce Notes: Transport: Tramp ships
Tramps
- Cargo ships which are for hire.
- They can be hired for a specific time and journey.
- They trade on the spot market.
- They can be chartered at the Baltic Exchange in […]
Other Services offered by the Post Office
Image credit auspost.com.au ZIMSEC O Level Commerce Notes: Communication: Other Services offered by the Post Office
Parcel post.
- Surface mail parcels are limited to a mass of 10kg
- Ideal for trade samples and goods in mail order.
- Parcels from other countries are opened to comply with customs and legal requirements of each […]
Exports Credit Guarantee Department (ECGD)
Image credit ncbcp.org ZIMSEC O Level Commerce Notes: Insurance: Exports Credit Guarantee Department (ECGD)
- Also known as Export Credit Guarantee Corporation (ECGC)in Zimbabwe.
- Covers risk of non payment by importers due to:
- lack of foreign currency.
- Political instability.
- Outbreak of war.
- Overseas state interferences.
- Provides comprehensive policies to cover the whole of export businesses […]