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

Methods used to correct an unfavourable Balance of Payment

By garikaib|2022-09-15T12:42:37+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

South African border post. Image credit drivesouthafrica.co.za ZIMSEC O Level Commerce Notes: Methods used to correct an unfavourable Balance of Payment

Methods and ways of correcting an unfavourable balance of payments.

The government of Zimbabwe may use the following ways to correct its BOP if its unfavourable […]

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Certificate of insurance

By garikaib|2022-09-15T12:42:30+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit generalmills.com ZIMSEC O Level Commerce Notes: Certificate of insurance

Certificate of insurance

Provides proof that the goods being transported have been insured.
Has to be produced when making a claim to the insurance company, if a risk insured against has occurred.
Can be an open (floating) insurance policy.
To cove […]

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Advantages and Disadvantages of Private Limited Companies

By garikaib|2022-09-15T12:42:19+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Private Limited Companies

Advantages

Operate as separate legal entities meaning:
they can sue and be sued in their own name.
Can make contracts in their own name.
Shareholders enjoy limited liability.
Can raise more […]

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Public corporations/ Parastatals

By garikaib|2022-09-15T12:42:07+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A ZUPCO bus. Image credit bulawayo24.com A ZUPCO bus. Image credit bulawayo24.com ZIMSEC O Level Commerce Notes: Public Corporations/Parastatals and Public Utilities

Features

Established by an act of parliament.
Provides essential goods and services e.g. transport (NRZ)
The main aim is to provide essential services at affordable prices.
Have no profit motive.
Are separate legal […]

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Importance of Advertising

By garikaib|2022-09-15T12:41:59+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet Advert. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Aids to Trade: Advertising

Advertising

Provides information on:
goods available.
Prices of goods
types of goods sold e.g. quality of goods.
Where to buy the goods.
Persuades customers to buy.
Launches new products.
Increases sales.
Increases profits.
Enables a trader to fight competition.
Reminds customers about existing goods […]

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Commerce: Management Functions Introduction
Gallery
Commerce: Management Functions Introduction

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions Introduction

By garikaib|2022-09-15T12:30:23+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Introduction

No doubt you have heard of people who work as managers within a business
These people carry out management duties in the organisations in which they are employed
It is important to note that depending on an organisation a manager can be known by several titles
Popular titles for […]

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Advice Note

By garikaib|2022-09-15T12:43:57+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Advice Note. Image credit Affordablecolourpint.co.uk ZIMSEC O Level Commerce Notes: Advice Note

Is sent by a supplier to a buyer.
It notifies the buyer that goods he/she ordered are now on the way.
It helps the customer to make arrangements to receive the goods.
It gives the buyer to […]

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Night Safe Facilities and Safe Deposit boxes

By garikaib|2022-09-15T12:43:43+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Safe Deposit Boxes. Image credit expresspage.net ZIMSEC O Level Commerce Notes: Money and Banking: Night Safe Facilities and Safe Deposit boxes

Night safe- facility

Safe guards money for traders who do their business during the night.
They lock their money in bags or wallets.
The bags are slotted […]

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Department Store

By garikaib|2022-09-15T12:43:29+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Greatermans. Image credit finacialgazette.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Department store

Department store

a multistory building with several shops under one roof
located in the city centre where land is more expensive
sells a wide range of goods in different departments
each department sells one line of goods
the buyer […]

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Bonded Warehouses

By garikaib|2022-09-15T12:43:21+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

ZIMRA's bonded warehouse at Chirundu Border Post. Image credit zimboguide.co.zw ZIMRA’s bonded warehouse at Chirundu Border Post. Image credit zimborderguide.co.zw ZIMSEC O Level Commerce Notes: Warehousing: Bonded Warehouses

Bonded warehouses

These are located at ports, boarder posts, large railway stations and big cities.
They are privately owned but supervised by the Zimbabwe Revenue Authority […]

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January 2023