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

Oil Bulk Ore (O.B.O) Ships

By garikaib|2025-02-12T09:26:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

Sabrina I, a bulk carrier. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Oil Bulk Ore (O.B.O) Ships

Bulk Carriers

They are also known as Bulk Carriers.
They are a specialised type of ship (tankers) which carry special types of cargo.
These are bulk carrier […]

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Telex and Videoconferencing

By garikaib|2025-02-12T09:42:56+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Video conference room. Image credit colortone-av.com ZIMSEC O Level Commerce Notes: Communication: Telex and Teleconferencing

Telex

Uses a teleprinter and a telephone.
Messages can be received even if the office is closed.
Can operate unattended.
Provides a written record.
Has a telex number
The message can be corrected before sending it.

Video […]

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Marine Insurance

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

Image credit nauticalexpo.com Image credit nauticalexpo.com ZIMSEC O Level Commerce Notes: Insurance: Marine Insurance

Marine insurance

Covers against losses occurring at sea.

Cargo insurance

Covers against loss of goods transported by sea or goods transported by ships at sea.
Covers against damages or loss of goods during transportation.
Can be voyage policy ie. Cargo is insured […]

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Balance of Payments

By garikaib|2025-02-12T09:23:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Balance of payments. Image credit therecordingrevolution.com ZIMSEC O Level Commerce Notes: Balance of Payments (B.O.P)

Balance of payments (B.O.P)

This is the difference between Zimbabwe’s total earnings (receipts) and total expenditure.
Exported goods and services less imported goods and services.
It is calculated for a given year.
When the […]

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Certificate of origin

By garikaib|2025-02-12T09:40:13+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit kkfreight.com ZIMSEC O Level Commerce Notes: Certificate of Origin

Certificate of origin

Specifies the name of the country which goods being exported have been manufactured e.g. Made in China.
Required for the assessment of amount of duty to be charged on imports from the country of origin.
Required when customs […]

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Private Limited Companies

By garikaib|2025-02-12T09:04:24+02:00February 12th, 2025|O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Dell Private Limited. Image credit freshhotjobs.com ZIMSEC O Level Commerce Notes: Business Organisations: Private Limited Companies

Its operations are governed by the Companies Act.
Formed by 2-50 shareholders.
In other countries a company is formed by 2 or more people with no maximum number of shareholders.
Has a […]

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Trade Association

By garikaib|2025-02-12T09:16:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ACCA Offices. Image credit applepieghana.com ZIMSEC O Level Commerce Notes: Trade Associations

Is:

an organisation formed by traders in the same line of business/industry e.g. Association of Certified Chartered Accountants (ACCA), Bankers Association of Zimbabwe etc.
Is found in the private sector.
Protects the interests of its member […]

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Importance of Warehousing

By garikaib|2025-02-12T09:30:19+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Large scale retailer's warehouse. Image credit www.restaurantdepot.com Large scale retailer’s warehouse. Image credit www.restaurantdepot.com ZIMSEC O Level Commerce Notes: Aids to Trade: Warehousing

Warehousing

Enables the safe storage of:
raw materials
equipment and machinery
finished goods
partly finished goods
spare parts
goods in transit.
Enables raw materials to be ordered ahead of demand.
Enables continuous production of goods.
Enable goods to be […]

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Commerce: Barriers To Effective Communication
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Commerce: Barriers To Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Barriers To Effective Communication

By garikaib|2025-02-12T09:00:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Communication: Barriers To Effective Communication

We have already provided an introduction to communication here
We have also looked at what effective communication is here
Now we will look at barriers to effective communication
Unfortunately not all communication is effective due to communication barriers
A communication barrier is an obstacle that […]

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Discount Houses and Merchant Banks

By garikaib|2025-02-12T09:35:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tetrad Bank. Image credit zimobinews.com ZIMSEC O Level Commerce Notes: Money and Banking: Discount Houses and Merchant Banks

Discount Houses

A discount house is a financial institution that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government […]

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February 2025