O Level Commerce Notes

///O Level Commerce Notes

April 2018

Commerce Notes: The Grain Marketing Board

By | 2018-04-14T09:13:27+00:00 April 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 […]

August 2015

Impotance of Communication

By | 2017-01-17T11:18:27+00:00 August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Examples of modern day cellphones. Image credit egadget.com Examples of modern day cellphones. Image credit egadget.com ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Communication

Communication

  • 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 […]

Importance of Insurance

By | 2017-01-17T11:18:28+00:00 August 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+00:00 August 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 […]

Importance of Advertising

By | 2017-01-17T11:18:29+00:00 August 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 […]

Importance of Warehousing

By | 2017-01-17T11:18:30+00:00 August 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 […]

Importance of Transport

By | 2017-01-17T11:18:31+00:00 August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

An oil pipeline. Image credit MediaWiki 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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