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ZIMSEC O Level Commerce Notes Form 1 To 4 | PDF
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ZIMSEC O Level Commerce Notes Form 1 To 4

The ZIMSEC O-Level Commerce Notes cover essential topics from Form 1 to 4, including the definition and scope of commerce, types of occupations, production factors, and trade distinctions. It also addresses retail and wholesale trade functions, banking types, insurance principles, advertising importance, and international trade concepts. Additionally, the notes discuss economic systems, business organization types, and consumer protection rights and responsibilities.

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1K views3 pages

ZIMSEC O Level Commerce Notes Form 1 To 4

The ZIMSEC O-Level Commerce Notes cover essential topics from Form 1 to 4, including the definition and scope of commerce, types of occupations, production factors, and trade distinctions. It also addresses retail and wholesale trade functions, banking types, insurance principles, advertising importance, and international trade concepts. Additionally, the notes discuss economic systems, business organization types, and consumer protection rights and responsibilities.

Uploaded by

tawanatungwarara
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ZIMSEC O-Level Commerce Notes (Form 1 to 4)

Form 1

1. Introduction to Commerce

- Definition and scope of commerce.

- Branches of commerce: Trade and Aids to Trade.

2. Occupations

- Types of occupations: Industrial, Commercial, and Services.

- Importance of specialisation and division of labour.

3. Production

- Factors of production: Land, Labour, Capital, and Enterprise.

- Types of production: Primary, Secondary, Tertiary.

4. Trade

- Home trade: Retail and Wholesale.

- Differences between retailers and wholesalers.

Form 2

1. Retail Trade

- Functions of retailers.

- Types of retail businesses: hawkers, mobile shops, chain stores, supermarkets.

2. Wholesale Trade
ZIMSEC O-Level Commerce Notes (Form 1 to 4)

- Functions of wholesalers.

- Services provided to manufacturers and retailers.

3. Aids to Trade

- Transport: types, importance in commerce.

- Communication: importance and types (e.g. postal, electronic).

4. Banking

- Types of banks: central bank, commercial banks.

- Functions of banks: accepting deposits, lending money.

Form 3

1. Insurance

- Principles of insurance: utmost good faith, insurable interest, indemnity.

- Types of insurance: life, motor, property.

2. Advertising

- Importance of advertising in trade.

- Types and media of advertising: print, radio, TV, online.

3. Warehousing

- Functions of a warehouse.

- Types of warehouses: bonded, public, private.


ZIMSEC O-Level Commerce Notes (Form 1 to 4)

4. Business Documents

- Types: invoice, receipt, delivery note, statement.

- Importance in commerce transactions.

Form 4

1. International Trade

- Difference between import and export.

- Advantages and disadvantages of international trade.

2. Economic Systems

- Types: capitalism, socialism, mixed economy.

- Characteristics and examples.

3. Business Organisations

- Types: sole trader, partnership, private and public limited companies.

- Features, advantages, and disadvantages.

4. Consumer Protection

- Rights and responsibilities of consumers.

- Role of government and organisations in consumer protection.

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