O Level Commerce Notes

///O Level Commerce Notes

April 2019

Commerce: Barriers To Effective Communication

By |2019-04-16T08:24:09+02:00April 15th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

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

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Commerce: Effective Communication

By |2019-04-16T08:27:32+02:00April 15th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:  Communication: Effective Communication

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Commerce: The Communication Process

By |2019-04-16T08:29:37+02:00April 15th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes:  Communication: The communication process

  • Communication is the secret sauce of civilisation and makes us who we are
  • Communication can be defined as the exchange of information, ideas, opinions and feelings
  • The process of communication and it’s stages can be shown on a diagram such shown below

communications_model-min The […]

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Introduction to Enterprises And Entrepreneurs

By |2019-04-14T07:38:11+02:00April 14th, 2019|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Introduction to Enterprises And Entrepreneurs

  • You will remember that there are four factors of production namely:
    • Land
    • Labour
    • Capital
    • Enterprise/Entrepreneurship
  • While the first three are often made up of tangible resources such as a piece of land, the company’s labour force or a tractor for example
  • The fourth resource (another name for a factor […]
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April 2018

Commerce Notes: The Grain Marketing Board

By |2018-04-14T09:13:27+02:00April 13th, 2018|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Wholesale Trade:The Grain Marketing Board

  • It buys and sells grain from farmers
  • It sells grain to consumers, millers and importers
  • It stores grain in its silos
  • It evens out the supply of grain
  • Prevents shortages of grain
  • Controls the price of grain
  • Collects grain from farmers
  • Controls the price of grain
  • Collects grain from […]
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August 2015

Impotance of Communication

By |2019-04-15T13:59:38+02:00August 7th, 2015|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.

Importance of Insurance

By |2017-01-17T11:18:28+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit anu.edu.au Image credit anu.edu.au ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Insurance

Insurance

  • Provides health insurance cover through medical aid scheme and covers:
  • against risks of loss of goods due to fire or theft
  • employees at work through employer’s liability
  • goods in transit
  • embezzlement of funds through fidelity guarantee policy.
  • Bad debts through […]

Importance of Banking

By |2017-01-17T11:18:29+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit voanewszimbabwe.com 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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Importance of Advertising

By |2017-01-17T11:18:29+02:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet Advert. Image credit techzim.co.zw Econet Advert. Image credit techzim.co.zw ZIMSEC O Level Commerce Notes: Aids to Trade: Advertising

Advertising

  • Provides information on:
  • goods available.
  • Prices of goods
  • types of goods sold e.g. quality of goods.
  • Where to buy the goods.
  • Persuades customers to buy.
  • Launches new products.
  • Increases sales.
  • Increases profits.
  • Enables a trader to fight competition.
  • Reminds customers about existing goods […]
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Importance of Warehousing

By |2017-01-17T11:18:30+02:00August 7th, 2015|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 […]