February 2025

Insurable Interest and utmost good faith

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

Image credit classicsandcustoms.com Image credit classicsandcustoms.com ZIMSEC O Level Commerce Notes: Insurance: Insurable Interest and Utmost good Faith

Insurable interest

  • Enables one to insure one’s own property.
  • Where the insured should directly suffer financial loss if the risk occurs.
  • One cannot insure the property of another.
  • Because on has no insurable interest.
  • If one insures the […]
Read More
Comments Off on Insurable Interest and utmost good faith

Cash and carry wholesalers

By |2025-02-12T09:15:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Wholesale shop. Image credit link51.com Wholesale shop. Image credit link51.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Cash and carry wholesalers

  • These wholesalers:
  • Sell goods on a cash and carry basis.
  • Sell both retailers and consumers i.e. they sell goods in bulk and case lots.
  • Use self-service methods of selling.
  • Display goods.
  • Have check-out points.
  • Have security measures.
  • Sell […]
Read More
Comments Off on Cash and carry wholesalers

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 […]
Read More
Comments Off on Brokers in International trade

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 […]
Read More
Comments Off on Importance of Consumer protection

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 […]
Read More
Comments Off on People on the Zimbabwe Stock Exchange

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 […]
Read More
Comments Off on Articles of Association

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 […]
Read More
Comments Off on Cambrige Notes: Receipts and till slips

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 […]
Read More
Comments Off on Commerce: Benefits of Beneficiation And Value Addition

Specialisation

By |2025-02-12T09:19:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit fransgaard.com Image credit fransgaard.com ZIMSEC O Level Commerce Notes: Specialisation

Specialisation is a result of division of labour that results in a worker honing their particular skills to become experts.

Benefits of specialisation of labour

  • workers and firms become experts in a particular job
  • training institutions have found it easy to set […]
Read More
Comments Off on Specialisation
Toggle Sliding Bar Area
Go to Top