January 2023

Money and Banking: Introduction

By |2022-09-15T12:43:50+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Barter Trade. Image credit passnow.com Barter Trade. Image credit passnow.com ZIMSEC O Level Commerce Notes: Money and Banking: Introduction

  • As already mentioned the development of specialisation led to the development of trade people sought to satisfy their unmet needs and disposed the excess goods and services they had produced.
  • This led to […]
Comments Off on Money and Banking: Introduction

Multiple shop

By |2022-09-15T12:43:29+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Bata shop. Image credit Batashop.com.sg Bata shop. Image credit Batashop.com.sg ZIMSEC O Level Commerce Notes: Retail Trade: Multiple shop

Multiple shop

  • located in busy shopping centres
  • a shop with several branches e.g Edgars
  • all branches have similar shop fronts and use same name for easy recognition
  • all branches have similar layouts
  • sells narrow range of products […]
Comments Off on Multiple shop

Wholesale warehouse

By |2022-09-15T12:43:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Wholesale warehouse. Image credit flexport.com Wholesale warehouse. Image credit flexport.com ZIMSEC O Level Commerce Notes: Warehousing: Wholesale warehouse

Wholesale warehouse

  • Are used to store a variety of goods from different manufacturers.
  • Goods are stored in bulk.
  • Enables goods to be graded and packed.
  • Can be used to allow goods e.g. wine and other similar beverages […]
Comments Off on Wholesale warehouse

Advertising media: Trade Journals

By |2022-09-15T12:43:16+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

PC Gamer magazine. Image credit videogamerater.com PC Gamer magazine. Image credit videogamerater.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media: Trade Journals

Trade Journals

  • Are used to advertise specialised products for example computers, farming equipment etc.
  • Advertisements are usually in great detail and
  • may included technical details about the product.
  • My have colourful pictures for […]
Comments Off on Advertising media: Trade Journals

Modes of Transport: Pipeline

By |2022-09-15T12:43:08+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

An oil pipeline. Image credit MediaWiki An oil pipeline. Image credit MediaWiki ZIMSEC O Level Commerce Notes: Transport: Modes of Transport: Pipeline

Pipe line transport

Advantages

  • Is a direct mode of transport:
  • Provides a direct delivery i.e. they can reach the consumer directly.
  • Is ideal for transporting liquids and gasses e.g. LP gas and Petrol.
  • It […]
Comments Off on Modes of Transport: Pipeline

Free posts and Franking machines

By |2022-09-15T12:42:59+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A franking machine. Image credit ashcroftmailingsolutions.co.uk A franking machine. Image credit ashcroftmailingsolutions.co.uk ZIMSEC O Level Commerce Notes: Communication: Free posts and Franking machines

Free post

  • This service is a variation of the business reply service.
  • The user needs to seek for approval from the post office.
  • If he is granted access the user […]
Comments Off on Free posts and Franking machines

Insurance Assesors

By |2022-09-15T12:42:49+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit pixbay.com Image credit pixbay.com ZIMSEC O Level Commerce Notes: Insurance: Insurance Assesors

Assessors

  • Work for the insurance companies.
  • When a risk has occurred they:
  • Assess details on the claim form.
  • Examine the damaged item.
  • Ascertain the exact cause of the loss.
  • Calculate the cost of the damage.
  • Determine what has been damaged.
  • Calculate and recommend the amount […]
Comments Off on Insurance Assesors

Specialists wholesalers and Cooperative wholesale societies

By |2022-09-15T12:42:40+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Vegetable and Fruit wholesale shop. Image credit udon-news.com Vegetable and Fruit wholesale shop. Image credit udon-news.com ZIMSEC O Level Commerce Notes: Wholesale Trade: Specialists wholesalers and Cooperative wholesale societies

Specialist wholesalers.

  • These wholesalers:
  • Specialise or are experts on one line of products e.g. sale of fruits like FAVCO.
  • Offer expert advice to customers on […]
Comments Off on Specialists wholesalers and Cooperative wholesale societies

Del Credere agents

By |2022-09-15T12:42:33+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

image credit uthmag.com image credit uthmag.com ZIMSEC O Level Commerce Notes: International trade: Del Credere Agents

Del credere agents.

  • Del credere is Italian for “to trust”
  • Possess the goods they sell.
  • Have insurable interest on the goods in their possession
  • Sell goods on behalf of their principals.
  • Sell goods in their own names.
  • Deliver goods to […]
Comments Off on Del Credere agents
Go to Top