commerce notes Archives - Page 8 of 22 - Free ZIMSEC & Cambridge Revision Notes

Ocean Tankers

By garikaib|2025-02-12T09:28:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An oil tanker. Image credit arabiangazette.com ZIMSEC O Level Commerce Notes: Transport: Ocean Tankers

Tankers

They are large in size ranging from a few thousand tons to over 500 000 tons in size.
They are a bulky type of carrier ship that specialise in transporting liquids e.g. […]

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Email and Internet

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

Gmail app. Image credit play.google.com ZIMSEC O Level Commerce Notes: Communication: Email and Internet

Electronic Mail (Email)

Is the communication of information:
using a computer.
Via a telephone circuit.
The information is sent from one computer to another.
From one computer to several computers at the same time.
It uses modems.
Each subscriber […]

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Other forms of insurance: Accident, health,funeral assurance

By garikaib|2025-02-12T09:10:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Funeral. Image credit mentalfloss.com ZIMSEC O Level Commerce Notes: Insurance: Accident and health insurance,funeral assurance

Accident insurance

There are two forms of accident insurance:
Personal accident insurance and
Group accident insurance

Personal accident

Is taken by individuals.
It covers against total disability arising from accidents e.g. sports stars or surgeons.

Group accident.

Taken by a […]

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Measures the government can use to control trade

By garikaib|2025-02-12T09:25:27+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Beitbridge border post. image credit thezimbabwemail.com ZIMSEC O Level Commerce: Measures the government can use to control trade

Trade (tariff) barriers.

These are measures taken by government to reduce imports and in some cases ban trade completely with some countries.

Customs (import) duty

A tax levied on imported […]

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Airway bill

By garikaib|2025-02-12T09:41:55+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An Air Waybill for use with FedEx ZIMSEC O Level Commerce Notes: International Trade: Airway bill

Airway bill

Also mentioned here.
Completed when goods are carried by air.
A contract to carry goods aboard an aircraft.
An evidence of receipt of goods on board the aeroplane.
Gooes together with […]

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Advantages and Disadvantages of Public Limited Companies

By garikaib|2025-02-12T09:05:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Public Limited Companies

Advantages

They are separate legal entities.
Shareholders have limited liability.
Shares can be freely transferred on the stock exchange.
Membership is open to the public since shares are […]

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Advantages and disadvantages of Public corporations/ Parastatals

By garikaib|2025-02-12T09:17:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Megawatt building. Image credit newsday.co.zw ZIMSEC O Level Commerce Notes: Advantages and disadvantages of Public corporations/ Parastatals

Advantages

The government controls the provision of strategic products.
Provides products at cheap prices.
Provides employment to people.
Reduces duplication of resources .
Enjoy limited liability.
Implement government policies i.e. in terms of setting the […]

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Importance of Banking

By garikaib|2025-02-12T09:31:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Aids to Trade: Banking

Banking

Enables making of payments.
Enables receiving of payment through cheques, stop order or bill of exchange.
Keeps money safe through current, savings, deposit and fixed accounts.
Acts as trustees and executors.
Acts as underwriters when they buy unsubscribed shares of public […]

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Commerce: Management Functions: Leading/Commanding
Gallery
Commerce: Management Functions: Leading/Commanding

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Management Functions: Leading/Commanding

By garikaib|2025-02-12T09:22:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:Management Functions: Leading/Commanding

As already said in the introduction to management
Management is defined in simple terms as the art of doing work through others
It involves five functions namely:
- Planning
- Organising
- Leading/Commanding
- Coordinating
- Controlling
These are often called the five functions of management
In this section, we will talk about leading/commanding