commerce notes Archives - Page 7 of 22 - Free ZIMSEC & Cambridge Revision Notes

Modes of transport: Air transport

By garikaib|2025-02-12T09:18:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A DHL cargo plane. Image credit airnewstimes.co.uk ZIMSEC O Level Commerce Notes: Transport: Air transport

Air transport.

Advantages

Is fast over long distances.
It is a relatively safe mode of transporting goods i.e.:
There are less riks of theft of and damage of goods during transportation.
The insurance costs […]

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Registered Mail and Recorded Deliveries

By garikaib|2025-02-12T09:35:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Registered mail. Image credit grosvenorauctions.com ZIMSEC O Level Commerce Notes: Communication: Registered Mail and Recorded Deliveries

Registered mail.

Used to send cash and valuables like certificates.
Special envelopes are used.
Articles must be handed over the counter.
A receipt is obtained as proof of postage.
They can be traced if lost.
Can […]

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Proximate cause and the Average clause: Under and over insuring

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

Image credit yourinsurancequestion.com ZIMSEC O Level Commerce Notes: Insurance: Proximate cause and the Average clause: Under and over insuring

This prevents the insured from making a profit by:

1) Under-insuring a risk or paying less premiums.

When a loss is incurred under such circumstances the insurer will not indemnify the […]

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Specialists wholesalers and Cooperative wholesale societies

By garikaib|2025-02-12T09:16:32+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Vegetable and Fruit wholesale shop. Image credit udon-news.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Specialists wholesalers and Cooperative wholesale societies

Specialist wholesalers.

These wholesalers:
Specialise or are experts on one line of products e.g. sale of fruits like FAVCO.
Offer expert advice to customers on […]

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Del Credere agents

By garikaib|2025-02-12T09:33:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit uthmag.com ZIMSEC O Level Commerce Notes: International trade: Del Credere Agents

Del credere agents.

Del credere is Italian for “to trust”
Possess the goods they sell.
Have insurable interest on the goods in their possession
Sell goods on behalf of their principals.
Sell goods in their own names.
Deliver goods to […]

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The Consumer Council of Zimbabwe (CCZ)
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The Consumer Council of Zimbabwe (CCZ)

Notes, O Level Commerce Notes, Ordinary Level Notes

The Consumer Council of Zimbabwe (CCZ)

By garikaib|2025-02-12T08:58:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Consumer Council of Zimbabwe (CCZ)

Receives complaints from consumers and then investigates them.
Settles disputes via arbitration between consumers and traders.
Files lawsuits on behalf of consumers.
Educates consumers on their rights.
Provides advice to consumers, ie. advises consumers to buy wisely by comparing prices and quality of products.
Conducts spot checks to […]

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The Cold Storage Commission

By garikaib|2025-02-12T09:10:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Cold Storage Comission. Image credit nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Cold Storage Commission

Cold Storage Commission

Buys cattle, sheep and goats from farmers.
Sells meat and meat products.
Operates ranches for beef cattle.
Operates slaughter houses.
Carries out research on beef production.
Sores beef and beef products in […]

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Public and Private enterprises

By garikaib|2025-02-12T09:24:57+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit freedesignfile.com Image credit freedesignfile.com ZIMSEC O Level Commerce Notes: Public and Private enterprises

Private enterprises

Businesses owned by private individuals or a group of individuals.
Found under the private sector.
Formed in order to make profit.
Include sole traders, partnerships, private limited companies, multinational corporations and trade associations.

Public enterprises

businesses organised and controlled by […]

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Cambrige Notes: Building Societies
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Cambrige Notes: Building Societies

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Building Societies

By Garikai Dzoma|2025-02-12T09:06:47+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

Is a type of a financial institution.
A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or improvement of houses.
The following building societies currently operate in Zimbabwe: CBZ Building Society, ZB building society, CABS […]

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Commerce: The Internal Business Environment
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Commerce: The Internal Business Environment

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: The Internal Business Environment

By garikaib|2025-02-12T09:44:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The Internal Business Environment

As already mentioned elsewhere businesses do not operate in a vacuum
The operations of a business are affected by factors internal and external to it
Here we will look at the internal business environment

The internal business environment

A business’s internal environment is made up of people known as […]

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February 2025