commerce notes Archives - Page 6 of 22 - Free ZIMSEC & Cambridge Revision Notes

Bills of exchange

By garikaib|2025-02-12T09:43:35+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A bill of exchange. Image credit delcampe.net ZIMSEC O Level Commerce Notes: Bill of exchange

Bill of exchange

The Bill of Exchange Act defines the bill of exchange as:
An unonditional order in writing, addressed by one person to another, singed by the person giving […]

Comments Off

Multinational Companies

By garikaib|2025-02-12T09:06:48+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delta is a local example of an MNC. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Multinational Companies

Features

Also known as Trans-national companies.
They are found in the private sector.
They are large limited liability businesses which have:
subsidiaries operating in other […]

Comments Off

Reasons why Parastatals are turned into Public Limited companies (privatised)

By garikaib|2025-02-12T09:18:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dairibord Milk. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Reasons why Parastatals are turned into Public Limited companies (privatised)

Reasons why parastatals are converted into public limited companies.

To reduce the burden on the taxpayer for example parastatals are often subsidised using tax-payer’s money.
To improve efficiency of […]

Comments Off

Impotance of Communication
Gallery
Impotance of Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Impotance of Communication

By garikaib|2025-02-12T09:32:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Communication

Communication is important.
Enables traders to contact:
buyers
suppliers
employees
to receive and send payments.
To receive and send orders.
To settle queries.
To arrange contracts.
To lodge complaints.
To give and receive information.
To give and receive information.
Can be through letter, telephone etc.

To access more topics go to the Commerce Notes page.

Comments Off

Commerce: Management Functions: Organising
Gallery
Commerce: Management Functions: Organising

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Organising

By garikaib|2025-02-12T09:25:21+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Organising

During the introduction, we examined what management is
We said management is the art of doing work through others
Also, it was mentioned that management can be defined in terms of its functions/duties that every manager is expected to perform
These functions include planning, organising, coordinating, leading and […]

Comments Off

Introduction

By garikaib|2025-02-12T09:15:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Airbus 380 being assembled. Image credit themanufacturer.com ZIMSEC O Level Commerce Notes: Production: Introduction:Good and Services

Production-is the provision of goods and services to satisfy human needs and wants.

Goods and Services (Products)

goods– these are tangible items with physical attributes for example a car.
Goods can be classified as:
durable […]

Comments Off

Telebanking

By garikaib|2025-02-12T09:05:03+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Telebanking. Image credit coastal24.com ZIMSEC O Level Commerce Notes: Money and Banking: Telebanking

Telebanking

This is a service offered by banks that allow customers to make enquiries or give instructions concerning their accounts over the phone.
Instructions are usually given by customers who operate call accounts.
When customers open call […]

Comments Off

Mail order firm

By garikaib|2025-02-12T09:26:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Harare Main Post Office. Image credit thezimbabwean.co ZIMSEC O Level Commerce Notes: Retail Trade: Mail Order firm

Mail order firm

a large scale retail outlet found in the private sector
located in the industrial area or outskirts of a town
operates from a warehouse
does not need expensive […]

Comments Off

Informative advertising

By garikaib|2025-02-12T08:57:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Informative advert. Image credit econet.co.zw ZIMSEC Commerce O Level Notes: Advertising: Informative advertising

This is a form of advertising that provides precise detail of goods and services.
It is especially used when launching new products, changes in prices and to tell where and how to buy the company’s […]

Comments Off

Transport Modes: Rail

By garikaib|2025-02-12T09:15:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Coal being transported from the mines to the a Thermal Power station. Image credit transportationissuedaily.com ZIMSEC O Level Commerce Notes: Transport: Modes of transport: Rail.

February 2025