February 2025

Cambrige Notes: Private Limited Companies

By |2025-02-12T09:07:12+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Business Organisations: Private Limited Companies

  • Its operations are governed by the Companies Act.
  • Formed by 2-50 shareholders.
  • In other countries a company is formed by 2 or more people with no maximum number of shareholders.
  • Has a lot of legal formalities including:
  • It has to create an Articles of Association, Memorandum of Association and […]
Read More
Comments Off on Cambrige Notes: Private Limited Companies

Commerce: Advantages And Disadvantages Of Being An Entrepreneur

By |2025-02-12T09:13:36+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advantages And Disadvantages Of Being An Entrepreneur

  • We have looked at what an entrepreneur is here
  • Now we will look at the advantages and disadvantages of being an entrepreneur
  • Running your own business obviously has its own advantages

Advantages of being an entrepreneur

  • If you are an entrepreneur you become your own […]
Read More
Comments Off on Commerce: Advantages And Disadvantages Of Being An Entrepreneur

Hire Purchase

By |2025-02-12T09:28:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

TV Sales and Hire offers Hire Purchases. TV Sales and Hire offers Hire Purchases. ZIMSEC O Level Commerce Notes: Hire Purchase

  • Is a method of buying consumer durables such as Television sets on credit.

Characteristics

  • A written agreement between the buyer and seller is required.
  • A deposit is paid followed by installments (usually on a […]
Read More
Comments Off on Hire Purchase

The clearing of cheques

By |2025-02-12T09:15:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Image credit dailymail.co.uk Image credit dailymail.co.uk 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 […]
Read More
Comments Off on The clearing of cheques

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 […]
Read More
Comments Off on Self-selection and Self-service

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 […]
Read More
Comments Off on Advertising Media:Magazines

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 […]
Read More
Comments Off on Modes of Transport: Pipeline

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 […]
Read More
Comments Off on Free posts and Franking machines

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 […]
Read More
Comments Off on Insurance Assesors

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 […]
Read More
Comments Off on Introduction, importance and reasons for International Trade
Toggle Sliding Bar Area
Go to Top