February 2025

Self-selection and Self-service

By |2025-02-12T09:35:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Buffet is an example of self-service. Image credit Media-Wiki Buffet is an example of self-service. Image credit Media-Wiki ZIMSEC O Level Commerce Notes: Retail Trade: Self-selection and Self-service

Self-selection

  • is a method of selling goods used in department stores and variety chain stores
  • cash points are dotted throughout the store
  • a customer pays for […]
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Advertising Media:Magazines

By |2025-02-12T09:05:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Magazine stand. Image credit blogspot.com Magazine stand. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media:Magazines

Magazines

  • Advertisements in magazines may be:
  • In colour for greater impact.
  • Detailed.
  • Repeated if necessary.
  • Of high quality production.
  • Passed on to other readers
  • Made to cater for selected audiences.
  • The cost per each exposure is very low.
  • They provide a wide […]
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Modes of Transport: Pipeline

By |2025-02-12T09:21:35+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An oil pipeline. Image credit MediaWiki An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Modes of Transport: Pipeline

Pipe line transport

Advantages

  • Is a direct mode of transport:
  • Provides a direct delivery i.e. they can reach the consumer directly.
  • Is ideal for transporting liquids and gasses e.g. LP gas and Petrol.
  • It […]
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Free posts and Franking machines

By |2025-02-12T09:39:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A franking machine. Image credit ashcroftmailingsolutions.co.uk A franking machine. Image credit ashcroftmailingsolutions.co.uk ZIMSEC O Level Commerce Notes: Communication: Free posts and Franking machines

Free post

  • This service is a variation of the business reply service.
  • The user needs to seek for approval from the post office.
  • If he is granted access the user […]
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Insurance Assesors

By |2025-02-12T09:05:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit pixbay.com Image credit pixbay.com ZIMSEC O Level Commerce Notes: Insurance: Insurance Assesors

Assessors

  • Work for the insurance companies.
  • When a risk has occurred they:
  • Assess details on the claim form.
  • Examine the damaged item.
  • Ascertain the exact cause of the loss.
  • Calculate the cost of the damage.
  • Determine what has been damaged.
  • Calculate and recommend the amount […]
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Introduction, importance and reasons for International Trade

By |2025-02-12T09:19:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit energypress.eu Image credit energypress.eu ZIMSEC O Level Commerce Notes: Introduction, importance and reasons for International Trade

  • Trade is the buying and selling of goods and services in order to satisfy the needs and wants of consumers.
  • Trade between two countries is known as bilateral trade.
  • Trade between more than two countries […]
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Other documents in international trade

By |2025-02-12T09:36:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An import licence. govt.nz An import licence. govt.nz ZIMSEC O Level Commerce Notes: Other documents in international trade

Import licence

  • An approval of goods to enter a country.
  • Issued by the importing country.
  • Enables the importer to obtain foreign currency to pay for the imports.

Customs specification and entry

  • Exporting country requires customs specifications.
  • Importing country requires […]
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Commerce: Partnership Features

By |2025-02-12T09:01:30+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit adbrain.com Image credit adbrain.com ZIMSEC O Level Commerce Notes: Partnership Features

  • Is formed by written or verbal agreement between partners.
  • They are formed by 2-10 partners.
  • Professionals such as lawyers, doctors and accountants can form partnerships of 2 to unlimited members as they are not allowed to form limited liability companies.
  • Has fewer […]
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Commerce: Shares

By |2025-02-12T09:12:58+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Share certificate. Image credit genafashion.com Share certificate. Image credit genafashion.com ZIMSEC O Level Commerce Notes: Shares

Shares

  • A share is a unit of capital.
  • Business capital is divided into several units.
  • Owners of shares are called shareholders.

Types (Classes) of shares

Ordinary shares

  • Are also known as equities.
  • Receive dividends at variable rates which depend on profits made.
  • Receive […]
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Consumers

By |2025-02-12T09:27:52+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit sheknows.com image credit sheknows.com ZIMSEC O Level Commerce Notes: Consumers

  • Consumers themselves can protect themselves and their interests by practising the following:
  • Prepare a shopping list and budget what to buy so as to avoid impulse buying.
  • Do window-shopping in order to compare prices and quality of goods from different shops […]
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