February 2025

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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Cambrige Notes: Public Limited Companies

By |2025-02-12T09:07:23+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

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

Formation

  • Membership is open to the public.
  • Membership is by invitation through a prospectus.
  • Formed by at least two shareholders and there is no upper limit.
  • Governed by the Companies Act.
  • The founding members have to draw up a prospectus, articles and memorandum of association and a statutory declaration and […]
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Advantages and disadvantages of Hire Purchase to the buyer

By |2025-02-12T09:29:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A furniture store. Image credit householddesigns.rock A furniture store. Image credit householddesigns.rock ZIMSEC O Level Commerce Notes: Hire Purchase

Advantages to buyer

  • There is no need for the buyer to raise the full purchase amount at once.
  • The buyer can use the goods while paying for them.
  • The profits generated from using the good(s) […]
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Send a basket

By |2025-02-12T09:36:48+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Ecoshopper. Image credit techzim.co.zw Ecoshopper. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Send a Basket.

Send a basket

  • the service is offered by cash and carry wholesalers with many branches throughout the country
  • used when a sender wants to purchase for someone located in in another area
  • the service is provided […]
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Advertising media: Posters

By |2025-02-12T09:06:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Advertising: Advertising media: Posters

Posters

  • They give a vivid impression for the show, match or event.
  • Can be used to target potential consumers e.g. a music show in a certain suburb might be advertised by placing posters on walls and installations around that suburb.
  • May be used for captive audiences for example in halls, buses […]
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Modes of transport: Sea

By |2025-02-12T09:22:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

The Oriana a cruise ship from Germany. Image credit totifun.com The Oriana a cruise ship from Germany. Image credit totifun.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Sea

Sea Transport.

Advantages

  • Is cheap.
  • Suitable for:
  • bulky cargo e.g. crude oil.
  • Heavy goods e.g. mineral ores.
  • Mixed cargo i.e. different goods.
  • Different types and sizes of ships […]
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