February 2025

Factors which affect the mode of transport

By |2025-02-12T09:16:31+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A goods truck. Image credit continental-truck-tires.com A goods truck. Image credit continental-truck-tires.com ZIMSEC O Level Commerce Notes: Transport: Factors which affect the mode of transport

Factors which determine the mode of transport to carry goods

  • The nature of the goods:
  • For example perishable goods such as bread and meat needs fast transport e.g. […]
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Importance of statistics to insurance

By |2025-02-12T08:58:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit dhariya.com Image credit dhariya.com ZIMSEC O Level Commerce Notes: Insurance: Importance of statistics to insurance

Importance of statistical records in insurance.

  • Actuaries make extensive use of statistics in insurance
  • Insurance contracts are based on the statistics.
  • Risk is asses to determine whether:
  • It can be accepted or not.
  • Help in determining a fair premium.
  • At […]
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Functions of wholesalers: To producers and manufactures

By |2025-02-12T09:14:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit stocktraque.com Wholesale shop. Image credit stocktraque.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Functions of wholesalers: To producers and manufactures

To the producers/manufacturers

  • The wholesaler:
  • Collects orders from numerous retailers.
  • Provides manufacturers with market information on consumer want and competitor activities.
  • Stores finished products.
  • Clears manufacturer’s production lines thus allowing manufacturers and […]
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Brokers in International trade

By |2025-02-12T09:31:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zafana Trade brokers. Image credit zafanankositrading.com Zafana Trade brokers. Image credit zafanankositrading.com ZIMSEC O Level Commerce Notes: Brokers

Brokers

  • Work in foreign trade as agents.
  • Bring buyers and sellers into contact
  • Buy or sell goods on behalf of their principals ( who can be manufacturers or importers)
  • Do not possess the goods they sell but […]
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Importance of Consumer protection

By |2025-02-12T08:56:29+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Consumer protection. Image credit ebony.com Consumer protection. Image credit ebony.com ZIMSEC O Level Commerce Notes: Importance of Consumer protection

Importance of consumer protection.

  • Consumers need to be protected from and against:
  • Misleading advertisements which make false claims for example, “This herb can cure all forms of ailments including AIDS and Cancer.”
  • Indecent or immoral […]
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People on the Zimbabwe Stock Exchange

By |2025-02-12T09:08:56+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Traders at the ZSE. Image credit financialgazette.co.zw Traders at the ZSE. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: People on the Zimbabwe Stock Exchange

The stock broker

Is:

  • an agent/middleman between members of the public and the stock jobber.
  • Buys and sells existing shares on behalf of the public.
  • Gets the best […]
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Articles of Association

By |2025-02-12T09:20:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Articles of Association Sample. Image credit agreements.org Articles of Association Sample. Image credit agreements.org ZIMSEC O Level Commerce Notes: Articles of Association

Articles of Association

  • Is prepared by the founders of the company or their representatives.
  • Is sent to the Registrar of companies, together with the memorandum of association for approval.
  • Contains the rules and […]
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Cambrige Notes: Receipts and till slips

By |2025-02-12T09:06:27+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Receipts and till slips

Receipt

  • Is issued by a seller to a buyer.
  • It is used to acknowledge a cash payment.
  • It is evidence of a cash sale.
  • It shows:
    1. The names and addresses of the buyer and seller.
    2. date of receipt issue.
    3. Reason for payment.
    4. Description Of goods-if it is a receipt for […]
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Commerce: Benefits of Beneficiation And Value Addition

By |2025-02-12T09:40:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Benefits of Beneficiation And Value Addition

  • The meaning and nature of beneficiation and value addition can be found here
  • Value addition refers to the enhancement of a product’s value usually through the manufacturing process
  • Beneficiation refers to value addition in the mining sector
  • There are benefits to carrying out beneficiation and […]
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