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

Other advertising media

By garikaib|2025-02-12T09:08:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Goods on display. Image credit retaildesignblog.net Goods on a window display. Image credit retaildesignblog.net ZIMSEC O Level Commerce Notes: Advertising: Other advertising media

Window displays

These cover window displays and other displays within the shops themselves.
Are aimed at customers who wlk in and out of the shop.
The displays are meant to encourage […]

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Types of sea transport: Liners

By garikaib|2025-02-12T09:25:26+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

The Carnival Magic, an ocean liner for people. Image credit wordpress.com ZIMSEC O Level Commerce Notes: Transport: Liners

Liners

They are also known as ocean liners
Cargo ships which are not meant for hiring.
There are also ocean liners that carry people.
They follow […]

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Telephone

By garikaib|2025-02-12T09:41:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit globe-views.com ZIMSEC O Level Commerce Notes: Communication: Telephone

Telephone

Rented from Tel One.
Allows dialogue between the parties involved.
Replies are immediate if the person is present to receive the phone call.
Calls can be dialed directly using STD.
Calls can be made locally or internationally.
Subscribers are allocated unique numbers.
Subscriber’s numbers […]

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Vehicle Insurance

By garikaib|2025-02-12T09:07:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit netcarshow.com Image credit netcarshow.com ZIMSEC O Level Commerce Notes page: Insurance: Vehicle Insurance

Vehicle insurance.

There are many types of vehicle insurance viz:

Third party insurance

Is compulsory under the Road Traffic Act (RTA)
Applies to motor vehicle insurance.
Covers claims from the public who may be injured by the vehicle.
Covers public property damaged […]

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Difficulties faced by importers and exporters

By garikaib|2025-02-12T09:22:34+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

The dreaded Somali Pirates. Image credit slate.com ZIMSEC O Level Commerce Notes: Difficulties faced by importers and exporters

Different languages
Language is a barrier in international trade because it leads to communication problems.
There is a need to translate information or instructions from one language to […]

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Consular invoice

By garikaib|2025-02-12T09:39:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit jaicourtney.net ZIMSEC O Level Commerce Notes: Consular invoice

Consular invoice

Assist customs officials to calculate customs duty where duty is charged on the value of imported goods.
Signed by a consul of the importing country certifying and confirming that the prices of the goods are correct:
prices of the […]

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Commerce: Advantages and Disadvantages of Partnerships

By garikaib|2025-02-12T09:03:37+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit registrogiulia.info ZIMSEC O Level Commerce Notes: Advantages and Disadvantages of Partnerships

Advantages

Management is duties are shared amongst the partners.
More capital can be raised.
More skills are available resulting in better quality decision making.
Specialisation is possible.
Partners can consult one another.
There are fewer legal formalities.
Losses are shared amongst partners.

Disadvantages

Disputes may […]

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PBC: Statement of Incorporation

By garikaib|2025-02-12T09:15:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit resourcefulrealacademy.com ZIMSEC O Level Commerce Notes: PBC: Incorporation Statement

Is prepared and drafted by a PBC.
Contains:
the name of the PBC ending with the words Private Business Corporation or PBC.
Postal address of the PBC.
Physical address of the registered office.
Full name and National Identity number of each […]

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Importance of Transport

By garikaib|2025-02-12T09:30:02+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Aids to Trade: Transport

Enables one to carry:
raw materials.
Finished goods.
Partly finished goods.
Spare parts.
Equipment and machinery.
Executives.
Sales persons whilst at work.
Workers to and from work.
Can be used to advertise.
Goods can be carried by road, rail, air,sea, pipeline.
Ives […]

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Commerce: Effective Communication
Gallery
Commerce: Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Effective Communication

By garikaib|2025-02-12T08:59:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Communication: Effective Communication

We have already looked at the basics of the communication process here
As mentioned in that introduction communication occurs between a sender and receiver
We have also looked at the importance of communication to commerce and businesses here
For communication to be useful it has to be effective
Communication […]

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February 2025