commerce notes Archives - Page 2 of 22 - Free ZIMSEC & Cambridge Revision Notes

Trade Association

By garikaib|2022-09-15T12:42:08+02:00January 24th, 2023|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|2022-09-15T12:41:59+02:00January 24th, 2023|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
Gallery
Commerce: Barriers To Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Barriers To Effective Communication

By garikaib|2022-09-15T12:30:26+02:00January 24th, 2023|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|2022-09-15T12:43:46+02:00January 24th, 2023|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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Hypermarket
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Hypermarket

Notes, O Level Commerce Notes, Ordinary Level Notes

Hypermarket

By garikaib|2022-09-15T12:43:30+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Retail Trade: Hypermarket

Hypermarket

a large shop with a minimum selling space of 4500 square metres
situated on the outskirts of town where:
1. land is cheap and plentiful
2. there are good communication links such as roads
provides a car park
sells foodstuffs and household goods
sells gods at low prices( Small Profit Quick Returns […]

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Public sector warehouses

By garikaib|2022-09-15T12:43:21+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Drugs in a public warehouse. Image newvision.co.ug ZIMSEC O Level Commerce Notes: Warehousing: Public sector warehouses

Public sector warehouses

These are run by parastatals and local government authorities:
They are used to store:
building materials
machines
fuel
water
stationary
medical drugs
or any other stock that may be of national strategic interest.
They are […]

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Disadvantages of Advertising

By garikaib|2022-09-15T12:43:13+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A cadbury Advertisement. Image credit jtresca.com ZIMSEC O Level Commerce Notes: Advertising: Disadvantages of Advertising

The disadvantages of advertising to consumers.

It leads to overspending
It leads to impulse buying
It leads to higher prices if advertising campaign is unsuccessful.
Advertised goods may be harmful.
Some advertisements may be false, […]

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Roll on Roll off (RoRo) Ships

By garikaib|2022-09-15T12:43:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A RoRo ship loading. Image credit venice.it ZIMSEC O Level Commerce Notes: Transport: Roll on Roll off (RoRo) Ships

Roll on Roll off (Ro-Ro) ships

These are specialised types of vessels.
They allow lorries or vehicles loaded with their own cargo to:
to be driven onto the ship (roll […]

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Fax (Facsimile)

By garikaib|2022-09-15T12:42:55+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Fax Machine. Image credit cultarmix.com ZIMSEC O Level Commerce Notes: Communication: Fax (Facsimile)

Facsimile (Fax)

The machine consists of a photocopier and a telephone circuit.
Fast way of sending and receiving information.
Used when speed is required.
Produces information as it is (exact copies/replicas of the send documents are received)
Ideal for […]

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Life Assurance

By garikaib|2022-09-15T12:42:45+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Life Assurance. Image credit afterjujuman.com ZIMSEC O Level Commerce Notes: Insurance: Life Insurance

Life assurance

Covers against events that will certainly occur e.g. death.
The principle of indemnity does not apply.
Benefits are paid to spouses and children who are the beneficiaries of the policy.

Whole life policy.

One assures his/he […]

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January 2023