commerce notes Archives - Page 3 of 22 - Free ZIMSEC & Cambridge Revision Notes

Importance of statistics to insurance

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

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

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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Excise Duty and the calculation of duty

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

Image credit sofiaecho.com ZIMSEC O Level Commerce Notes: Excise Duty

Why excise duty is paid?

Excise duty is taxed on certain specified home produced goods for example tobacco meant for consumption in the home market in order to:
Raise revenue for the government.
Discourage consumption of dangerous products.
Reduce domestic demand.
Release more […]

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Letter of Credit

By garikaib|2025-02-12T08:55:41+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Procedure for issuing a letter of credit. Image credit letterofcredit.biz ZIMSEC O Level Commerce Notes: Credit Letter

Letter of credit

a letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made […]

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Zimbabwe Stock Exchange

By garikaib|2025-02-12T09:08:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zimbabwe Stock Exchange. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: The Zimbabwe Stock Exchange

Functions

Controls and regulates admission of new members.
Acts as a barometer of the well-being of the Zimbabwean economy.
A market for buying and selling shares, stocks, bonds as well as […]

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Memorandum of Association

By garikaib|2025-02-12T09:19:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A page from a Memorandum of Association. Image credit coronetpublications.com ZIMSEC O Level Commerce Notes: Memorandum of Association

Memorandum of Association

Is used in the formation of private and public limited companies.
Is prepared by the company founders/their representatives.
Is sent to the Registrar […]

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Cambrige Notes: Credit Note and Debit Note
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Cambrige Notes: Credit Note and Debit Note

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Credit Note and Debit Note

By Garikai Dzoma|2025-02-12T09:06:19+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

A credit note. Image credit debitoor.com

ZIMSEC O Level Commerce Notes: Credit Note and Debit Note

Credit Note

I issued by a supplier to a buyer.
It is usually printed in red or pink.
It is used when a supplier owes the buyer money.
It shows the flow of money […]

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Commerce: Management Functions: Controlling
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Commerce: Management Functions: Controlling

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Controlling

By garikaib|2025-02-12T09:28:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Controlling

In our introduction to management, we defined what management is
In simple terms, management is the art of doing work through others
However, management can also be defined in terms of its functions
These functions are the duties that a typical manager is expected to perform regardless of their […]

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Forms of production

By garikaib|2025-02-12T09:17:39+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Subsistence farming is an example of direct production. Image credit weebly.com ZIMSEC O Level Commerce Notes: Forms of Production

Direct production
-This is when one produces goods and services for their own consumption for example subsistence farming or a tailor making […]

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ATM:Automated Teller Machines

By garikaib|2025-02-12T09:07:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An ATM. Image credit Securityaffairs.co ZIMSEC O Level Commerce Notes: Money and Banking: ATM:Automated Teller Machines

ATMs

Are fitted on the outside walls of banks are shopping malls.
They are used to withdraw cash.
They operate 24 hours a day.
It is a self-service facility.
The customer follows on screen instructions.
Upon […]

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February 2025