February 2025

How to take out an insurance policy?

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

Image credit anu.edu.au Image credit anu.edu.au ZIMSEC O Level Commerce Notes: Insurance: How to take out an insurance policy?

How to take out an insurance policy.

  • The prospective customer makes contact with the insurance company or obtains an insurance prospectus.
  • The risk one intends to insure is discussed with an insurance broker.
  • A quotation […]
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Reasons for the elimination of wholesalers

By |2025-02-12T09:17:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large retail shop. Image credit siemens.com Large retail shop. Image credit siemens.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Reasons for the elimination of wholesalers

Reasons for the elimination of the wholesaler.

  • Bulk buying by large scale retail organisations such as multiple shops, hypermarkets and department stores who have:
  • Adequate capital to buy on cash
  • Have […]
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Forwarding agents/Freight Forwarders

By |2025-02-12T09:34:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit destinyman.com image credit destinyman.com ZIMSEC O Level Commerce Notes: International trade:Forwarding Agents/Freight Forwarders

Forwarding agents also known as Freight forwarders.

  • Collect goods from consignors’ premises.
  • Carry goods to their warehouses.
  • Warehouse/Store the goods.
  • Send goods to consignee.
  • Provide facilities for export packing.
  • Arrange insurance for the goods.
  • Fill in the necessary documents used when goods are transported by […]
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Commerce Introduction to Businesses

By |2025-02-12T08:59:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit orangeblob.com Image credit orangeblob.com ZIMSEC O Level Commerce: Commerce Introduction to Businesses

  • Business refers to:
  • Activities carried out in order to make profit for example:
  • manufacturing goods for sale.
  • Providing services e.g. Hotels.
  • Extracting minerals such as gold.
  • Farming produce for sale.
  • Business entities/organisations can be divided into two groups i.e. private and public sector […]
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Terms used in business organisations

By |2025-02-12T09:25:45+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit tooopen.com Image credit tooopen.com ZIMSEC O Level Commerce Notes: Terms used in business organisations

“Private”

  • Membership to a private limited company is by invitation.
  • Shares of a private limited company are onlys sold to invited members for example friends and relatives.
  • Shares cannot be sold or bought on the Zimbabwe Stock Exchange […]
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Cambrige Notes: The clearing of cheques

By |2025-02-12T09:06:58+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: The clearing of Cheques.

  • There are three ways and circumstances in which a cheque may be cleared.

If the payee and drawer use the same bank and branch

  1. The payee deposits the cheque into his/her account.
  2. The payee is credited and,
  3. The drawer is debited.

If the payee and drawer use the same […]

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Commerce: The External Business Environment

By |2025-02-12T09:46:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The External Business Environment

  • In addition to internal factors that affect the operations of a business
  • There are external factors which also exert their influence
  • These external factors together constitute the external business environment
  • The external environment is sometimes known as PESTEL
  • This stands for the various components that make up a […]
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