MINISTRY OF PRIMARY AND SECONDARY EDUCATION

COMMERCE
SYLLABUS
FORM 1 - 4

2024-2030

Curriculum Development and Technical Services,

P.O. Box MP 133, Mount Pleasant, Harare
©All Rights Reserved
Revised 2024
Commerce F 1-4 MoPSE 2024

ACKNOWLEDGEMENTS

The Ministry of Primary and Secondary Education would like to acknowledge the following:

⚫ The National Commerce Syllabus Panel

⚫ Zimbabwe School Examinations Council (ZIMSEC)

⚫ Ministry of Higher and Tertiary Education, Innovation, Science and Technology Development (MoHTEISTD)

⚫ United Nations Children’s Educational Fund (UNICEF)

⚫ United Nations Educational Scientific Cultural Organisation (UNESCO)

ii
TABLE OF CONTENTS
1.0 ACKNOWLEDGEMENTS ........................................................................................ 1

1.0 PREAMBLE ................................................................................................................ 2

1.1 INTRODUCTION ....................................................................................................... 2
1.2 RATIONALE................................................................................................................ 2
1.3 SUMMARY OF CONTENT ....................................................................................... 2
1.4 METHODOLOGY AND TIME ALLOCATION ......................................................... 2
1.5 ASSUMPTIONS ......................................................................................................... 3
1.6 CROSS-CUTTING THEMES ................................................................................... 3

2.0 PRESENTATION OF THE SYLLABUS ................................................................. 3

3.0 AIMS ............................................................................................................................ 3

4.0 SYLLABUS OBJECTIVES ...................................................................................... 4

5.0 TOPICS........................................................................................................................ 4

6.0 SCOPE AND SEQUENCE ..................................................................................... 11

7.0 COMPETENCY MATRIX ........................................................................................ 11

FORM 1 ..................................................................................................................... 11

FORM 2 ..................................................................................................................... 20

FORM 3 ..................................................................................................................... 30

FORM 4 ..................................................................................................................... 40

8.0 ASSESSMENT .............................................................................................................. 44

8.0 SCHEME ASSESSMENT ........................................................................................... 45.

8.4 CONTINUOUS ASSESSMENT ................................................................................... 46

8.5 SUMMATIVE ASSESSMENT ..................................................................................... 46

8.6 SPECIFICATION GRID................................................................................................ 46

 1.0 PREAMBLE

1.1 Introduction
This Heritage-Based Commerce syllabus is a four-year learning areacovering Forms 1–4. The syllabus intends to develop in
learner’s self-reliance,enterprise, critical thinking, problem solving, resource management and leadership skills. The syllabus
fosters an understanding and appreciation of the national tangible and intangible heritage.

1.2 Rationale
The study of commerce equips learners with practical enterprise skills, value addition skills and business-related
competences. The syllabus prepares learners for life and work through acquisition of knowledge, skills, values, attitudes
and an understanding of the ownership of the means of production in the commercial world, within a Zimbabwean context.
It lays the foundation for careers in the business field and provides the basis for further studies in related disciplines. The
syllabus promotes self-reliance for the enhancement of economic growth through the ownership and responsible
exploitation of the means of production such as land, capital as well as the tangible and intangible heritage.

The Heritage-Based Commerce syllabus enables learners to develop thefollowing skills:

⚫ Problem solving
⚫ Critical thinking
⚫ Decision making
⚫ Conflict management
⚫ Leadership
⚫ Self-management
⚫ Communication
⚫ Technical and innovative
⚫ Enterprise development

1.3 Summary of Content

This syllabus intends to provide a theoretical and practical knowledge base for learners in the commercial world such
as production, consumer protection, business organisation, financialmanagement, trade and aids to trade.

1.4 Assumptions

It is assumed that all learners:

⚫ are constantly participating in and interactingwith commercial activities like buying and selling.
⚫ have access to some means of production.
⚫ desire to contribute meaningfully to thecommunity and nation at large.
⚫ have a desire for self-reliance through runningtheir own enterprises.
⚫ are aware of the prevailing commercialenvironment

1.5 Cross-Cutting Themes

The Commerce learning area will encompass the following cross cutting themes:
 ⚫ Information Communication Technology (ICT)
⚫ Disaster risk management
⚫ Children’s rights and responsibilities
⚫ Climate change
⚫ Environmental management
⚫ Business enterprise skills
⚫ Gender equality
⚫ Health and wellbeing

2.0 PRESENTATION OF THE SYLLABUS

The Heritage-Based Commerce syllabus Forms 1-4 is a single document comprising preamble, aims, objectives,
methodology, topics, scope and sequence, competence matrix and assessment.

3.0 AIMS

The syllabus enables learners to:

3.1 develop an appreciation of the environment within which commercial activities take place
3.2 acquire knowledge and understanding of the language, concepts and decision-making procedures of
commercial activities
3.3 develop knowledge and understanding of the impactof information technology in commercial activities
3.4 develop knowledge and understanding of the nature and significance of innovation and change on
commercial activities
3.5 prepare for life and work in an indigenised economyand increasingly globalised and competitive environment
3.6 demonstrate desirable financial literacy and numeracy skills including practical competencesnecessary to
run a business
3.7 acquire lifelong business management skills in line with emerging opportunities and challenges of the local,
national and global society
3.8 participate in voluntary service and leadership as well as contribute meaningfully to the development of the
country
3.9 enhance patriotism and appreciation of national tangible and intangible heritage

4.0 SYLLABUS OBJECTIVES

Learners should be able to:

4.1 demonstrate knowledge and understanding of the purposes and functions of commercial activities and
commercial institutions
4.2 describe the environment in which commercial activities take place

4.3 explain relevant terms used in business

4.4 interpret information from graphs, charts and tables

4.5 analyse significant factors to consider in a commercial situation

4.6 present and interpret information in the form of graphs, diagrams and tables

4.7 apply knowledge and skills to solve problems in commercial situations

4.8 make accurate judgments on commercial and development issues
4.9 assess the impact of ICTs on commercialactivities

4.10 communicate commercial information in writing, verbally, diagrammatically and graphically in a coherent
and logical manner
4.11 carry out self-reliance project
 4.12 demonstrate an appreciation of our tangible and intangible heritage

5.0 Methodology and Time Allocation

5.1 Methodology
In this syllabus, learner - centred approaches are encouraged. The principles of inclusivity, relevance,
individualisation and concreteness should influence the choice of teaching methods so that learning of
Commerce embrace the diversity ofall learners. The following methods are suggested:
▪ Group work
▪ Research
▪ Educational tour
▪ Simulations/ Role play
▪ Questions and answers
▪ Mini enterprise approach
▪ Discovery
▪ Problem solving
▪ Demonstrations
▪ Seminars Quiz
▪ Games
▪ Project work
▪ Debates
The methods are mutually inclusive and may be used in combination

5.2 Time Allocation

At least four (4) 40 minutes lesson shall be allocated per week. At least one (1) educational tour and at least 2 Seminars per
year are encouraged. Educational tours should be allocated at least 1 working day per term.

6.0 TOPICS

The syllabus topics are as follows

6.1 Production
6.2 Trade
6.3 Consumer protection
6.4 Business Organisations
6.5 Enterprise
6.6 Finance and Banking
6.7 Insurance and Assurance
6.8 Business Communication
6.9 Transport
6.10 Warehousing
6.11 Marketing
7.0 SCOPE AND SEQUENCE
TOPIC 1: PRODUCTION

FORM 1 FORM 2 FORM 3 FORM 4

• Forms of production • Value addition and beneficiation • Business environment

• Stages of Production • Division of labour and of resources
• Factors of production specialisation
• Ownership of means of production • Mass production
• Chain of distribution

TOPIC 2: TRADE

FORM 1 FORM 2 FORM 3 FORM 4

• Introduction to trade • Retail trade • Foreign trade • Balance of payments

• Wholesale trade • Hire purchase and deferred payments
• Discounts
• Documents used in home trade
TOPIC 3: CONSUMER PROTECTION

FORM 1 FORM 2 FORM 3 FORM 4

• reasons for consumer protection • Consumer Protection Boards such as: • Consumer Protection
• Consumer rights and responsible - Consumer Council of Zimbabwe - Methods of protecting
behavior (CCZ) consumers
- Standards Association of - Role of Government
Zimbabwe (SAZ)

TOPIC 4: BUSINESS ORGANISATIONS

FORM 1 FORM 2 FORM 3 FORM 4

• Importance of Business Organisations • Unincorporated business units • Incorporated business units • Traders association
• Business sectors • Multi-national companies • Business Membership
Organisations (BMO)
• Public sector business • Small to Medium Enterprises
(SMEs)
• Public sector reforms
 TOPIC5: ENTERPRISE

FORM 1 FORM 2 FORM 3 FORM 4

• Introduction to Enterprise • Management functions • Business plan

• Business ethics • Intellectual property

TOPIC 6: FINANCE AND BANKING

FORM 1 FORM 2 FORM 3 FORM 4

• Personal finance • Managing Personal finances • Business Finance • Business Calculations

• Taxation • Other Financial Institutions • Zimbabwe Stock Exchange
• Banking system • The Reserve Bank of • Trends in Banking
• Money • Financial institutions: Zimbabwe • International Financial
- Commercial Banks Institutions

TOPIC 7: INSURANCE AND ASSURANCE

FORM 1 FORM 2 FORM 3 FORM 4

• Nature and purpose of insurance • Principles of insurance • Types of insurance policies • Impact of ICT on insurance and
and assurance • Documents used in insurance and • Types of assurance policies assurance
• Communal systems of insurance assurance • Export Credit Guarantee
and assurance • Insurance procedures Corporation (ECGC)
 TOPIC 8: BUSINESS COMMUNICATION
FORM 1 FORM 2 FORM 3 FORM 4

• Importance of Communication • Postal services • Factors to consider in

• Telecommunication • Effective communication choosing mode of
• Service providers communication
• Formal and informal business
communication
• Trends in business
communication

TOPIC 9: TRANSPORT

FORM 1 FORM 2 FORM 3 FORM 4

• Importance of transport • Factors influencing choice of • Trends in transport

• Modes of transport transport
• Documents used in transport
• Port authorities

7.1 TOPIC 10: WAREHOUSING

FORM 1 FORM 2 FORM 3 FORM 4

• Introduction to warehousing • Warehousing functions and • Types of warehouses
• Indigenous storage systems importance • Location of a warehouse
7.2 TOPIC 11: MARKETING

FORM 1 FORM 2 FORM 3 FORM 4

• Marketing concepts • Market segmentation • Marketing mix (Product,
• Types of markets • Marketing approaches place, promotion and price)
8.0 COMPETENCY MATRIX
FORM 1 SYLLABUS
8.1 PRODUCTION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values RESOURCES
and attitudes)
Stages of production • Explain the need for production • The need for production • Outlining the need for production • Charts
• Classify goods and services • Goods and services • Categorizing goods and services • Recommended
Factors of production • Explain primary, secondary and tertiary • Chain of production from • Role playing production activities textbooks
production primary to tertiary • Visiting production sites in the • Samples of goods
• Describe factors of production • Factors of production community • ICT tools
• Explain the relationship between • Relationship between • Discussing production activities in • Newspaper cuttings
commerce and production commerce and production the community • Literature on our
• Describing each stage of production heritage
• Discussing factors of production • Resource persons
• Demonstrating the relationship between • Indigenisation Act
commerce and production • Land Reform Act

Ownership of the • Explain why it is important for indigenous • Means of production as • Discussing importance of indigenous
means of production people to own means of production our heritage people owning means of production
• Identify land as our heritage • Role of Government in • Debating on why land is our Heritage
• Describe the importance of land reform indigenising our economy • Explaining the importance of land reform
and indigenisation of our economy and indigenous
8.2 TRADE

TOPIC LEARNING OBJECTIVE CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: RESOURCES
Introduction to • Explain the need for trade • Reasons for trade • Discussing the need for trade • Recommended text
trade • Describe barter and monetary trade • Forms of trade • Distinguishing between monetary trade books
• Compare home trade and foreign trade • Branches of trade and barter • Charts
• Dramatizing exchange of goods • ICT tools
• Illustrating diagrammatically branches of
trade
• Identifying similarities and difference
between home trade and foreign trade
Wholesale • Explain the services of wholesalers • Services of wholesalers to • Discussing services of wholesalers • Recommended text
Trade • Describe the different types of manufacturers, retailers and • Visiting wholesalers books
wholesalers consumers • Writing notes on findings from visits • Resource persons
• Explain why a wholesaler is by-passed in • Types of wholesalers: • Interviewing customers on services • ICT tools
the distribution chain - cash and carry provided by the wholesaler • Samples of money
• Identify marketing boards - general • Researching on the types of wholesalers • Samples of goods
• Describe the functions of commodity - specialist • Outlining reasons for by passing a
markets - co-operative wholesaler
wholesale societies • Listing the purpose of Marketing Boards
• Reasons for by-passing a • Describing the functions of Marketing
wholesale Boards
• Marketing boards such as • Explaining functions of commodity
Grain Marketing markets
Board (GMB)
• Commodity markets
8.3 CONSUMER PROTECTION

TOPIC LEARNING OBJECTIVES CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

Learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Reasons for • Identify areas where consumers need • Reasons for consumer • Discussing areas where consumers • Recommended
consumer protection protection need protection textbooks
protection • Identify ways in which consumers can • Consumer rights • Explaining ways in which consumers • ICT tools
be exploited • Responsible consumer can be exploited • Resource persons
Consumer • Explain consumer rights behavior • Debating consumer rights • Consumer Council Act
rights and their • Discuss their responsibilities as Outlining their responsibilities as • Pamphlets from
responsibilities consumers consumers Consumer Council

8.4 BUSINESS ORGANISATIONS

TOPIC LEARNING OBJECTIVES CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

Learners should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Importance of • Justify the importance of business • Importance of business • Discussing the importance of • Recommended text
Business organisations organisations business organisations books
Organisations
Business • Describe private and public sectors • Private and public sectors • Tabulating the differences between • Flow chart of business
sectors • Identify types of business units under • Types of business units private and public sectors in the private and public
private and public sectors • Classifying business units into private sectors
and public sectors • Local business centres
8.5 ENTERPRISE

TOPIC OBJECTIVES CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

Learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Introduction to • Identify the qualities of an • Characteristics of an • Stating characteristics of an • Recommended
Enterprise entrepreneur entrepreneur entrepreneur textbooks
• Explain the advantages and • Advantages and • Analysing advantages and • Resource persons
disadvantages of being an disadvantages of being an disadvantages of being an • ICT tools
entrepreneur entrepreneur entrepreneur
• Evaluate the importance of • Importance of enterprise • Visiting nearby entrepreneurs
enterprise skills to the economy skills to the economy • Discussing importance of enterprise
skills
• Assessing the importance of
enterprise skills to the economy
8.6 FINANCE AND BANKING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learner should be able to: (knowledge, skills, values RESOURCES
and attitudes)
Personal Finance • Explain the different sources of • Sources of income • Listing sources of income • Recommended text
income • Saving income • Describing methods of saving income books
• State methods of saving income • Personal investments • Debating on the need to save income • Brochures on saving
• Justify the need to save income • Discussing methods of personal portfolios
• Identify methods for personal investments • ICT tools
investment • Evaluating the reasons for investing
• Analyse reasons for investing
Money • Trace the origins of money • Origins of money • Debating on the advantages and • Recommended text
• Describe the characteristics of • Characteristics of money disadvantages of barter books
money • Functions of money • Role playing on barter trade • ICT tools
• Outline the functions of money • Inflation • Discussing the characteristics of • Charts
• Discuss the causes and effects of money • Newspaper cuttings
inflation
• Explaining the functions of money

• Debating on causes and effects of

inflation
8.7 INSURANCE AND ASSURANCE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learner should be able to: (knowledge, skills, values NOTES RESOURCES
and attitudes)
Nature and purpose of • Explain features of insurance and • Insurance and assurance • Visiting insurance and assurance • Resource persons
insurance and assurance • Purposes of insurance and companies • Charts
assurance • Outline purposes of insurance and assurance • Researching on purposes of • Insurance documents
assurance • Insurable and non-insurable insurance and assurance like prospectus
• Identify business risks and life risks risks • Listing business risks and life risks • Newspaper cuttings
• Distinguish assurance from • Pooling of risks • Differentiating between insurance • ICT tools
insurance • Importance of statistics in and assurance • Recommended
• Explain features of insurable and insurance • Discussing features of insurable and textbooks
non-insurable risks non-insurable risks
• Differentiate insurable and non- • Naming types of insurable risks
insurable risk • Discussing differences between
• Explain pooling of risks insurable risks and non-insurable
• Explain the importance of statistical risks
data in insurance • Illustrating pooling of risks
• Describing the importance of
statistical data in insurance

Communal systems of • Identify communal systems of • Communal systems of • Researching on communal systems • Resource persons
Insurance and insurance and assurance insurance such as zunde of insurance and assurance • Related literature
assurance • State importance of communal ramambo/ Isiphala seNkosi, • Discussing importance of communal
systems of insurance and assurance • Contributions towards burial systems of insurance and assurance
of deceased
8.8 BUSINESS COMMUNICATION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learner should be able to: (knowledge, skills, values NOTES RESOURCES
and attitudes)
Importance of • Explain the term communication • Importance of • Discussing the importance of • Materials from service
Communication • Outline the importance of communication communication providers such as
communication brochure and cell
phones
Telecommunication • Describe types of telecommunication • Telecommunication • Listing types of telecommunication • Communication
devices and services services such as: devices and services devices such as cell
• Explain the advantages and -Telephone • Identifying advantages and phones
disadvantages of various -Cell phone disadvantages of telecommunication
telecommunication services -Internet services
-datel • Exhibiting different communication
devices
Service providers • Identify different telecommunication • Internet service providers • Visiting any service provider • Resource persons
service providers such as Africom and Zol • Listing different telecommunication
• Explain the services provided by • Mobile phone operators service providers
various telecommunication service such as Telone, Econet, • Describing the services provided by
providers Telecel and, Netone, various telecommunication service
• Fixed telephone service providers
providers
8.9 TRANSPORT

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learner should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Importance of Transport • Explain the importance of transport in • Role of transport • Identifying traditional modes of • Recommended
commercial activities • Evolution of transport systems transport textbooks
• Trace the developments that took • Relating the development of the wheel • ICT tools
place in transport systems • Discussing the importance of transport • charts
in commerce
Modes of Transport • List the modes of transport • Characteristics of the different • Constructing a table showing examples • Recommended
• Examine the advantages and methods of transport such as of each mode textbooks
disadvantages of each mode of road, air, pipeline and sea • Discussing the advantages and • ICT tools
transport • Advantages and disadvantages disadvantages of each mode • Charts
of each mode • Visiting airports, bus termini, rail • Models
stations and lakes • Newspaper cuttings
• Making models of forms of transport
• • • •

8.10 WAREHOUSING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learner should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Introduction to • Describe warehousing • Introduction to warehousing • Explaining warehousing • Recommended text
warehousing • Identify indigenous storage systems • Indigenous storage systems • Researching on indigenous storage books
such as dura/isiphala/tsapi systems • Resource persons
• ICT tools
Indigenous storage
systems
8.11 MARKETING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

Learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Marketing concepts • Justify the need for marketing • The need for marketing • Explaining the need for marketing • Recommended
• Explain different marketing concepts • Marketing concepts: • Discussing different marketing textbooks
• Assess the implications of various - product concept concepts • ICT tools
marketing concepts to the business - the production concept • Explaining implications of various
- selling concept, marketing concepts to the business
- marketing concept • Citing examples of different marketing
• Implication of various concepts
marketing concepts to the
marketer or business

Types of markets • Identify types of markets • Type of markets such as • Listing types of markets • Recommended
• Explain types of markets physical and virtual • Describing types of markets textbooks
• Discuss the advantages of physical • Advantages and • Outlining advantages and • Local markets
and virtual markets disadvantages of physical and disadvantages of different types of • ICT tools
• Describe features of physical and virtual markets markets
virtual markets • Features of physical and virtual • Explaining features of virtual and
markets physical markets.
• Visiting local markets
FORM 2
8.12 PRODUCTION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)

Forms of • Explain direct and indirect • Direct and indirect • Distinguishing direct and indirect • Production
Production production production production sites
• Differentiate direct and indirect • Division of labour and • Discussing specialization • Related
Division of labour production specialization • Identifying merits and demerits of literature
and specialisation • Describe mass production mass production • ICT Tools
• Explain the advantages of division • Demonstrating division of labour and • Recommended
Mass production of labour and specialization specialization textbooks
• Visiting a production site • Charts

Chain of • State ways in which goods are • Chain of distribution from • Drawing link diagrams on channels of • Recommended
Distribution distributed from producers to producers to consumers distribution text books
consumers • Factors considered when • Explaining channels of distribution • Charts
• Identify factors considered when selecting channels of • Describing factors considered when • ICT tools
selecting channels of distribution distribution selecting channels of distribution
• Dramatising on channels of distribution
8.13 TRADE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

Learners should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Retail trade • Explain the functions of retailers • Functions of retailers to • Visiting retailers • Recommended
• Distinguish between large- and manufacturers, wholesalers • Listing features and functions of text books
small-scale retailers and consumers different retailers observed from • ICT tools
• Describe the characteristics and • Types of retailers: visits • retail outlets
organisation of the different types of - Large scale such as • Describing the characteristics and • charts
retailers hypermarkets organisation of each retail outlet
• Describe the factors that must be - Small scale such as tuck • Discussing the trends in retailing
considered when establishing a shops • Showing trends in retailing through
retail outlet - Characteristics and the use of print and electronic media
• Discuss the impact of each trend in organisation of retailers • Outlining the advantages and
retailing • Factors to considered when disadvantages of the trends in
• Discuss the reasons for the survival establishing a retail outlet retailing
of the small-scale retailer • Trends in retailing such as: • Debating on the reasons for the
• Electronic Point of Sale survival of small-scale retailer
(EPOS)
• bar coding
• vending machines
• E-commerce
• Survival of the small-scale
retailer

Hire purchase and • Explain the main features of hire • Hire purchase and deferred • Discussing types of credit • Recommended
deferred payments purchase and deferred payments payment/credit sale • Debating on the reasons for and textbooks
• Compare hire purchase and • Types of credit, main against buying on credit • Samples of credit
deferred payments features, advantages and • Identifying similarities and difference cards
• Identify the sources of financing hire disadvantages of: between hire purchase and deferred • Hire Purchase Act
purchase and credit sale • hire purchase payments • Media such as
transactions • deferred payments • Researching and reporting back on newspapers and
• credit cards the merits and demerits of hire magazines
• informal credit purchase and credit sale • Resource person
• Discussing the sources of financing • Retail outlets
hire purchase and credit sale
transactions
• Role playing
• Discussing features of informal
credit
TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED
Learners should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
• Using resource persons to explain
the types of credit
Discounts • Explain the nature and purpose of • Trade and cash discounts • Discussing the purposes of trade
trade and cash discounts and cash discounts
• Distinguish between trade and cash • Listing the features of trade and
discounts cash discounts
• Calculating trade and cash
discounts
• Differentiating trade discount from
• Identify the documents used in • The importance of cash discount
Documents used in home trade documents used in home • Discussing the importance of • Catalogues
home trade • Explain the importance of trade documents used in home trade • Samples of the
documents used in home trade • Documents used in home • Collecting and analysing samples of documents such
• List the contents of each document trade such as enquiry, documents used in home trade as invoices and
used in home trade quotation and receipt • Demonstrating the use of credit notes
• Explain the functions of each documents used in home trade
document used in home trade • Listing the contents and functions of
each document used in home trade
• Filing in documents used in home
trade
• Dramatising on the use of trade
documents
8.14 CONSUMER PROTECTION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)

Consumer Protection • Identify Consumer Protection • Consumer Protection Boards • Listing Consumer Protection Boards • Recommended text
Boards Boards such as Consumer Council books
of Zimbabwe and Standards • Discussing the roles of Consumer • Resource persons
• Explain the roles of Consumer Association of Zimbabwe Protection Boards • ICT tools
Protection Boards • Pamphlets

8.15 BUSINESS ORGANISATIONS

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

Learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Unincorporated • Explain the features of • Features of unincorporated • Describing the features of • Recommended
Business Units unincorporated businesses business units unincorporated business units text books
• Differentiating between sole • Nearby shops
• Examine advantages and proprietorship and partnership • ICT tools
disadvantages of unincorporated • Advantages and • Discussing the advantages and • Law firms
business units disadvantages of disadvantages of unincorporated • Deed of
unincorporated business business units partnerships
• Distinguish between sole units • Explaining the formation, ownership
proprietorship and partnership • Formation, ownership and and control
control • Visiting nearby sole proprietors and
partnerships such as law firms
• Role playing on formation of
partnerships
 8.16 ENTERPRISE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
• Explain various management • Management functions such • Analysing management functions • Recommended
Management functions as planning, leading, • Researching on effective management textbooks
functions • Execute various management organising, directing and skills • Local viable
functions controlling • Operating/implementing business projects
• Explain the importance of • Importance of various enterprises
management functions management functions • Describing importance of management
functions

Business ethics • Identify ethical considerations in • Business ethical • Researching and reporting back on • Recommended
business considerations ethical considerations in business textbooks
• Explain the role of ethics in • Role of ethics to business • Describing the role of ethics • Resource
business and society and society • Analysing importance of ethics in persons
• Describe the importance of ethics • Importance of ethics in business
in business business • Citing unethical conduct in business
• Role playing on acceptable business
conduct
8.17 FINANCE AND BANKING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learner should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Managing Personal • Draw up personal budgets • Budgeting • Preparing personal budgets • Recommended
Finances • Discuss reasons for borrowing • Borrowing options such as: • Identifying situations in which individuals textbook
• Identify borrowing options _Overdraft should or should not borrow • Resource
• Recognise the legal obligation to _Bank loan • Listing borrowing options persons
pay tax _Trade credit • Discussing personal taxes • Budget template
• Analyse the need for financial • Taxation • Identifying sources of financial advice • Charts
Taxation advice • Financial advice (consultancy) • Explaining the consequences of financial • ICT tools
• Determine the consequences for • Financial mismanagement mismanagement
financial mismanagement
Banking system • Identify different types of banks • Banking system • Drawing a table on banks • Cheque books
• Describe the services offered by • Classification of Banks • identifying the characteristics of a • Bank cards
commercial banks • Commercial Banking services commercial bank • Deposit slips
such as: • Visiting commercial banks • Resource
Financial institution: - Savings and current • Operating an ATM persons
- commercial banks accounts • Filling in cheques, withdrawal slips, • ATMs
- Loans and overdrafts deposit slips and RTGs • Charts
- Bank cards • Depositing money • ITC tools
- Cheques • Drawing a diagram showing inter • Recommended
- Electronic transfers relatedness of financial institutions textbooks
- Automated teller
Machines (ATMs)
- Standing orders
8.18 INSURANCE AND ASSURANCE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Principles of • Explain the principles of • Utmost good faith, indemnity, • Discussing the principles of insurance • Resource
Insurance insurance. insurable interest and persons
proximate cause • Pamphlets
• Relevant
documents
Documents used in • Identify the documents used in • Documents used in such as
insurance and insurance insurance such as • Describing the features of each proposal forms
assurance prospectus, policy and cover document and policies
note. • ICT tools
Insurance Procedures • Outline the procedure in • Effecting an insurance policy • Dramatising the taking out of the • Recommended
obtaining an insurance policy • Making a claim insurance policy text books
• Describe the procedure in • Brokers • filling insurance documents such as • Samples of
effecting a claim • Underwriters proposal form relevant
• State the functions of brokers, • Actuaries • role playing the functions of the documents
underwriters, actuaries and • Assessors different people involved in insurance
assessors
8.19 BUSINESS COMMUNICATION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Postal services • Identify agents of postal services • Agents of postal services • Listing agents of postal services • Recommended
such as Zimpost, DHL, textbooks
• Describe each of the postal FEDEX and TNT • Discussing various postal services • Resource
services • Types of postal services such persons
as; • Analysing the importance of various • Material from
• Explain the importance of - Free post postal services and their drawbacks service providers
various postal services - Business reply service such as
- Expedited mail service • Visiting postal service providers brochures and
• Discuss drawbacks of each - Franking machine magazines
postal service - Recorded delivery • Postal agents
- Registered mail
- Cash on delivery
- Poste restante
• Importance and drawbacks of
various postal services
Effective • Explain the importance of • Importance of effective • Stating the importance of effective • Recommended
communication effective communication communication communication textbooks
• Identify enhancers of effective • Enhancers of effective • Discussing enhancers of effective • ICT tools
communication communication communication
• Outline barriers to effective • Barriers to effective • Listing barriers to effective
communication communication communication
• Suggest ways of overcoming • Overcoming barriers to • Giving solutions to barriers to effective
barriers to effective effective communication communication
communication • Demonstrating effective
communication through role playing
8.20 TRANSPORT

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Choice of Transport • Discuss factors that influence • Factors influencing choice of • Researching on factors that influence • Recommended
the choice of transport transport choice of transport text books
• Matching modes of transport to goods • ICT tools
carried • Samples of
• Interviewing people at places such as documents
bus termini and airports used in
transport
• Resource
persons
Documents used in • List documents used in • Documents used in transport • Identifying documents used in • Samples of
transport transport such as: transport documents
• Outline the contents of each -Bill of lading • Completing transport documents used in
document -Airway bill • Determining the purpose of each transport
• Explain the purpose of each -Charter party document • Recommended
document in transport -Consignment note text books
-Delivery note • ICT tools

Port authorities • Identify facilities found on a port • Port facilities • Visiting ports and writing reports • Resource
• Describe the services provided • Services provided by persons
by different Port Authorities different Port Authorities • Recommended
text books
8.21 WAREHOUSING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learner should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Importance of • Discuss importance of • Importance of warehousing • Assessing the importance of • Recommende
warehousing warehousing • Functions of warehouses warehousing d text books
• Explain the functions of • Describing the functions of • ICT tools
warehouses warehouses • Warehouses

8.22 MARKETINNG

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

Learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Market segmentation • Explain market segmentation • Market segmentation • Describing market segmentation • Recommended
• Identify bases of market • Factors to which can be • Explaining bases of market text books
segmentation used when segmenting a segmentation to consider when • ICT tools
• Outline reasons for market market such as segmenting a market • Markets
segmentation demography, income and • Subdividing markets into various
personal interests segments

Marketing approaches • Explain mass and niche • Reasons for market • Distinguishing mass and niche
marketing segmentation marketing
• Mass marketing
• Niche marketing
FORM 3
8.23 PRODUCTION
TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED
learner should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Value addition and • Explain the terms value addition • Value addition and • Undertaking a project on value • ICT tools
Beneficiation and beneficiation beneficiation addition • Recommended
• Add value to a product • Debating on the merits and demerits text books
• Explain how value can be added of exploitation of resources • Relevant
at each stage of production • Visiting production sites literature
• Identify how the community and
the country at large benefit from
the exploitation of its resources
8.24 TRADE

TOPIC LEARNING OBJECTIVES: learners CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Foreign Trade • Justify the interdependence of • Interdependence of countries • Discussing the interdependence of • Recommended
countries within the global market within a global market countries within the global market text books
• Identify difficulties faced by • Difficulties faced by importers and • Analysing problems faced by • Guest experts
importers and exporters exporters importers and exporters from ZIMRA
• Explain entrepot trade • Entrepot trade • Role play on free trade and • Media such as
• Explain free trade and protectionism • Free trade and protectionism protectionism newspapers and
• Examine reasons for free trade • The need for trade restrictions • Listing reasons for protectionism magazines
• Identify methods of restricting trade • Trade restrictions such as quotas, • Seminar presentations on methods • Sample
• Analyse functions of customs embargoes and tariffs of restricting trade documents
authorities • Functions of customs authorities • Discussing the roles of customs • Charts
• Describe trading blocs such as: authorities • ICT tools
• Outline aims of trading blocs - collection of duties • Conducting field trips to bonded
• Analyse the benefits and challenges - collection of trade statistics warehouse and ports of entry or
of trading blocs - controlling bonded warehouses ZIMRA offices
• List documents used in foreign • Trading blocs such as: SADC, • Identifying member states of
trade COMESA, AU and EU trading blocs such as: SADC,
• Describe the purpose and key • Features of trading blocs COMESA, AU and EU
information of each document • Aims of trading blocs • Stating aims of trading blocs
• Identify intermediaries in foreign • Advantages and disadvantages of • Explaining features of trading blocs
trade trading blocs • Listing advantages and
• Explain functions of each • Documents used in foreign trade disadvantages of trading blocs
intermediary in foreign trade such as: • Analysing documents used in
• Distinguish between the - indents foreign trade
intermediaries - consular invoice • Collecting samples of documents
- letter of credit used in foreign trade
- bills of exchange • Describing documents used in
- customs specification foreign trade
-airway bill • Listing intermediaries in foreign
-bill of lading trade
• Intermediaries in foreign trade such • Researching on functions of
as brokers, merchants and factors intermediaries in foreign trade
• Differences between the • Discussing differences between
intermediaries in foreign trade intermediaries in foreign trade
8.25 CONSUMER PROTECTION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

Learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Consumer • Describe methods of protecting the • Methods of protecting the • Discussing methods of protecting • Recommended text
Protection consumer consumer consumers books
• Explain role of Government in • Role of Government • Researching on legislation protecting • Pamphlets
protecting consumers • Self-protection consumers • ICT tools
• Identify how consumers can protect • Discussing ways by which consumers • Resource persons
themselves can protect themselves
8.26 BUSINESS ORGANISATIONS

TOPIC LEARNING OBJECTIVES: CONTENT NOTES AND SUGGESTED ACTIVITIES SUGGESTED

Learners should be able to: (knowledge, skills, values and AND NOTES RESOURCES
attitudes)
Incorporated • State the types of incorporated • Private limited companies • Listing the types of Incorporated • Samples of
Business business units • Public limited companies business units documents such
Units • Describe the formation, ownership and • Formation, ownership and • Explaining the formation, ownership as:
control of Incorporated business units control and control of Incorporated business -Articles of
• Distinguish between private limited • Similarities and differences units Association
companies and public limited between incorporated • Comparing private limited companies -Memorandum of
companies business units and public limited companies Association
• Outline advantages and disadvantages • Advantages and • Describing the advantages and -Certificate of
of incorporated business units disadvantages of Incorporated disadvantages of incorporated Incorporation
• Explain the features, advantages and business units business units -Trading Certificate
disadvantages of multinational • Recommended text
corporations books
• ICT tools
Multinational • Assess the impact of multinational • Multinational corporations • Listing the features, advantages and
corporations corporations to the host and parent • Advantages and disadvantages of multinational
country disadvantages companies
• Discussing the impact of multinational
corporations to the host and parent
country

Public sector • Give reasons for the formation of • Parastatals • Explaining the formation of public • Recommended text
Units public organisations • Local authorities organisations books
• State the functions of public • Marketing boards • Visiting local public sector • Public sector
enterprises businesses organisations
• Outline the merits and demerits of • Listing the functions of public • ICT tools
public sector organisations enterprises
• Identifying the merits and demerits of
public sector enterprises
8.27 ENTERPRISE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

Learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Business • Identify contents of a business plan • Business plan layout • Listing contents of a business plan • Recommended
plan • Explain contents of a business plan - executive summary • Describing contents of a business textbooks
• Design a business plan - organisational background plan • Samples of
- products • Crafting a business plan business plans
- market analysis • Discussing business ideas • Resource persons
- strategy and implementation • Consulting experts
- management
- financial plan
• importance of a business plan

Intellectual • Identify different types of intellectual • Types of intellectual properties such • Listing different types of Intellectual • Recommended
Properties properties as trademarks, industrial designs, Properties textbooks
• Explain different types of intellectual patents, copyrights and • Describing types of intellectual • Resource persons
properties geographical indications properties • Material from
• Discuss the importance of protecting • Reasons for protection • Proposing solutions to intellectual ARIPO and World
intellectual properties • Infringements such as piracy and properties infringements International
• Suggest solutions to intellectual plagiarism • Explaining functions of Zimbabwe Property
properties infringements • Functions of Zimbabwe Patents Patents office Organisation
• Describe functions of the Zimbabwe Office • Visiting organisations such as African (WIPO) such as
Patents Office Regional International Property brochures.
Organisation (ARIPO) and Zimbabwe
Patents Office
8.28 FINANCE AND BANKING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND NOTES SUGGESTED

learners should be able to: (knowledge, skills, values and RESOURCES
attitudes)
Business Finance • Describe the various sources of • Sources of finance such as • Identifying sources of finance • Recommended
finance shares, debentures and • Evaluating the sources of finance textbooks
• Evaluate the sources of finance leasing • Classifying capital into long term and • Share certificates
• Explain long term and short • Types of capital short term • Newspaper cuttings
term capital • Discussing differences between • ICT tools
• Distinguish between shares shares and debentures, ordinary
and debentures, ordinary shares and preference shares
shares and preference shares
Other financial • Outline the services rendered • Merchant Banks • Visiting the financial institutions • Recommended
institutions by each of the financial • Finance Houses • Matching given services to a financial textbooks
institutions • Discount Houses institution • ICT tools
• Building Societies • Describing the services of each • Resource persons
• Peoples’ Own Savings Bank financial institution
• Small Enterprise and
Development Corporation
The Reserve Bank of • Describe the functions of The • Functions of The Reserve • Explaining the functions of The • ICT tools
Zimbabwe Reserve Bank of Zimbabwe Bank of Zimbabwe Reserve Bank of Zimbabwe • Notes and coins
• Analyse the role of The • Evaluating the roles of The Reserve • Charts and
Reserve Bank of Zimbabwe Bank of Zimbabwe pamphlets
• Newspaper cuttings
• Recommended
textbooks
8.29 INSURANCE AND ASSURANCE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learners should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Types of Policies • Explain the types of insurance • Insurance policies such as • Discussing the various types of • ICT tools
policies fidelity guarantee and insurance policies • Resource persons
• Examine the benefits of employer’s liability • Listing the benefits of assurance and • Recommended text
insurance and assurance • Assurance policies such as: insurance policies books
policies whole life assurance, funeral • Discussing the reasons for the
• Explain reasons for the policy and medical aid formation of NSSA
formation of National Social • Reasons for the formation of
Security Authority (NSSA) NSSA
Export Credit • Explain the purpose of the • Purpose of the ECGC • Discussing the purpose of the ECGC • Recommended text
Guarantee ECGC books
Corporation (ECGC)
8.30 BUSINESS COMMUNICATION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

Learners should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Factors to consider in • Outline factors to consider in • Factors to consider in choosing • Discussing factors to consider when • Recommended
choosing mode of choosing mode of communication mode of communication such as choosing mode of communication textbooks
communication cost, urgency and reliability

Formal and informal • Distinguish between formal and • Formal business communication • Differentiating between formal and • Samples of
business informal business communication such as business letters informal business communication memorandum and
communication • Identify advantages and • Informal business communication • Listing advantages and business letters
disadvantages of formal and such as grapevine disadvantages of formal and informal • Recommended
informal business communication • Advantages and disadvantages business communication textbooks
• Draft a business letter of formal and informal business • Writing business letters
Communication
Trends in business • Identify trends in communication • Trends in business • Discussing trends in communication • Recommended
communication • Assess the impact of these communication such as the use • Analysing impact of technological textbooks
technological developments in of Skype, twitter, blogs, e-mail, developments in communication • Laptops, desktops and
communication. Facebook and WhatsApp smart phones
• Resource persons
• ICT tools
8.31 TRANSPORT

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED RESOURCES

learner should be able to: (knowledge, skills, values NOTES
and attitudes)
• Trends in • Describe containerization • Containerisation • Conducting educational tours to • Recommended text book
transport • Justify increased use of • Toll gates transport depots • ICT tools
containers • Vehicle tracking system • Discussing advantages and • Resource persons
• Describe the characteristics of • E-ticketing disadvantages of each development
each development • Global Positioning • Visiting toll gates
• Assess the impact of the Remote Sensing • Discussing the reasons in the
development on transport (GPRS) increase of air cargo
• Outline the reasons for growth • Increase in air cargo
of air cargo
• Discuss the impact of ICT in
transport

8.32 WAREHOUSING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED RESOURCES

Learners should be able to: (knowledge, skills, values and NOTES
attitudes)
• Types of • Identify types of warehouses • Types of warehouses such • categorising warehouses into • Warehouses
warehouses as private and public • ICT tools
• Select an appropriate site for a _ private • Visiting warehouses, observing
• Location of a warehouse _manufacturers activities and reporting back
warehouse _wholesalers • Analysing factors considered
_retailers when locating a warehouse
_public
_Bonded

• Factors to consider when

locating a warehouse
8.33 MARKETING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED RESOURCES

Learners should be able to: (knowledge, skills, values and NOTES
attitudes)
Marketing mix • Identify marketing mix variables • Marketing mix variables such • Listing marketing mix • Recommended textbooks
• Explain marketing mix variables as product, price, place and variables • Newspaper cuttings
• Analyse impact of marketing mix promotion • Describing marketing mix showing items such as
variables • Analysis of each marketing variables press releases
mix variable • Discussing marketing mix • Trade journals
• Assessment of the Impact of variables
each marketing mix variables • Suggesting appropriate
to the market and business pricing, products, distribution
and promotional tools for a
given market
• Crafting an advertising model
FORM 4
8.34 PRODUCTION

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learner should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
• Business • Describe business environment • Business environment • Explaining business environment • ICT tools
environment • Identify the internal and external • Elements of the business • Researching on the impact of • Newspaper
factors affecting a business • Internal environment internal and external factors cuttings
• Explain how each factor affects a e such as customers, • Analysing the impact of internal • Recommended
business employees and suppliers and external factors text books
• External environment such as
political, economic, social and
Technological

8.35 TRADE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

Learners should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
• Balance of • Distinguish between Visible and • Visible and Invisible Trade • Comparing Visible and Invisible • Recommended
Payments Invisible Trade • Balance of Invisible Trade and trade text books
• Calculate Balance of Trade, Balance of Payments • Demonstrating the calculation of • Samples of
Invisible Trade and Balance of • Exchange rates trade transactions different
Payments • Methods of correcting Balance • Calculating exchange rates currencies
• Convert currencies of Payments deficit • Discussing ways of correcting • ICT tools
• Outline the ways of correcting Balance of Payments deficit • Newspaper
Balance of Payments deficit cuttings
8.36 BUSINESS ORGANISATIONS

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

Learners should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Traders • Identify traders associations • Traders associations such as Cross • Inviting representatives from various • Recommended
Associations • Explain the functions of traders Boarders Association, Book Sellers organisations to explain the textbooks
associations Association and Zimbabwe National functions of traders associations • Material from the
Vendors Association (ZNVA) organisations
• Traders Associations functions • Resource Persons
Business • Explain the importance of Business • Business Membership Organisations • Discussing importance of BMOs • Recommended
Membership Membership Organisations such as ZNCC, CZI and ZIMTRADE textbooks
Organisation • Materials from
(BMOs) organisations
Small to Medium • Describe the features of Small to • Small to Medium Enterprises (SMEs) • Visiting local Small to Medium • Recommended text
Enterprises Medium Enterprises (SMEs) • Features and importance of Small to Enterprises (SMEs) books
(SMEs) • Explain the importance of SMEs Medium Enterprises (SMEs) • Evaluating the contribution of Small • Resource persons
• Outline the challenges faced by Challenges of Small to Medium to Medium Enterprises (SMEs) to
Small to Medium Enterprises Enterprises (SMEs) Zimbabwean economy
(SMEs) • Government assistance to Small to • Outlining challenges faced by
• Evaluate Government initiated Medium Enterprises (SMEs) Small to Medium Enterprises (SMEs)
programmes meant for Small to • Creation of SMEs special zones such • Discussing Government initiated
Medium Enterprises (SMEs) as Siyaso and Glen View Area 8 programmes meant for Small to
Medium Enterprises (SMEs)
Public sector • Define the terms • Public sector reforms: • Discussing trends in Public sector • Recommended text
reforms • Explain the reasons for and against - commercialisation businesses books
commercialisation, privatisation and - privatisation
nationalisation - nationalization
 8.37 FINANCE AND BANKING

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learner should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
Business • Define working capital, gross and • Working capital • Discussing working capital, gross • Recommended
calculations net profit, turnover and rate of • Gross and net profit and net profit, stock turn and cost of textbooks
stock-turn over • Rate of stock turn goods sold • Resource persons
• Calculate working capital, gross • Mark – up and margin • Computing working capital, gross • Financial
profit, net profit and the rate of • Return on Capital Employed (ROCE) and net profit, rate of stock turn , statements
stock-turn over return on capital employed ,mark up • ICT tools
• Determine Return on Capital and margin
Employed (ROCE),
• Calculate profit margin and mark
up

Zimbabwe Stock Importance of Zimbabwe Stock • Analysing the importance of • Pamphlets

Exchange • Assess the importance of the exchange (ZSE) Zimbabwe Stock Exchange (ZSE) • Stock Exchange
Zimbabwe Stock Exchange to the • Agents such as brokers and jobbers • Visiting the Zimbabwe Stock • Resource persons
economy. • Speculators such as bulls, bears and Exchange (ZSE) • Recommended
• Explain the roles of speculators stags • Discussing the roles of speculators text books
• Outline functions of brokers and • Identifying functions of brokers and • ICT tools
jobbers jobbers
TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND RESOURCES
learner should be able to: (knowledge, skills, values and NOTES
attitudes)
Trends in • Identify the developments in the • Trends in Banking such as: • Explaining the developments in the • Recommended text
banking banking sector - telebanking banking sector books
• Evaluate the usefulness of the - mobile banking • Discussing the impact of the • ICT tools
trends in the economy - e-banking trends on economic activities • Resource people
• Demonstrating mobile banking such as money
• Visiting money transfer agents transfer agents
• Flow charts
International • Outline the international financial • International financial institutions such • Listing international financial • ICT tools
financial institutions as: institutions • Recommended
institutions • Assess the role of international - Infrastructure Development • Explaining the role of international textbooks
financial institutions in developing Bank (IDB) financial institutions
countries - African Development Bank • Analysing the effectiveness of the
- International Monetary Fund activities of international financial
(IMF) institutions in Zimbabwe
- International Bank for
Reconstruction and
Development (IBRD)
- World Bank
 8.38 INSURANCE AND ASSURANCE

TOPIC LEARNING OBJECTIVES: CONTENT SUGGESTED ACTIVITIES AND SUGGESTED

learner should be able to: (knowledge, skills, values and NOTES RESOURCES
attitudes)
• Impact of • Explain e-insurance and e- • E-insurance • Discussing e-insurance and e- • ICT tools
ICT on assurance • E-assurance assurance • Resource
Insurance • State advantages and • Impact on: • Debating the impact of ICT in persons
and disadvantages of ICT in insurance _firms insurance and assurance • Brochures
Assurance and assurance _potential clients • pamphlets
9.0 ASSESSMENT

The Heritage-Based Commerce syllabus learning area for Forms 1-4 shall be assessed through
School Based Continuous Assessment (SBCA) and Summative Assessment (SA). These
assessments shall be guided by the principles of inclusivity, practicability, authenticity, transparency,
flexibility, validity and reliability. The principles are crucial for creating a supportive and effective
learning environment that fosters growth and development in learners at secondary school level.
Arrangements, accommodations and modifications shall be visible to enable candidates with
special needs to access assessments.

This section covers the assessment objectives, the assessment model, the scheme of assessment,
and the specification grid.

9.1 Assessment Objectives

Learners will be assessed on their ability to:

9.1.1 explain relevant terms used in commerce

9.1.2 demonstrate knowledge of basic principles, techniques and ideas in

commerce

9.1.3 interpret information through numeracy and literacy

9.1.4 analyse significant factors to consider in commercial situations

9.1.5 apply knowledge and skills to solve problems in commercial situations

9.1.6 make accurate judgments on commercial issues

9.1.7 communicate commercial information in a logical and coherent manner

9.2 Assessment Model

Assessment of learners at lower secondary school level for Commerce Syllabus Forms 1-4 shall
be both Continuous and Summative as shown in Figure 1. School Based Continuous
Assessment shall include recorded activities from the School Based Projects done by the
learners. The mark shall be included on learners’ end of term and year reports. Summative
assessment at school level shall include terminal examinations which are at the end of the term
and year.
 ASSESSMENT OF LEARNER
PERFORMANCE IN COMMERCE

SCHOOL BASED
CONTINUOUS SUMMATIVE
ASSESSMENT ASSESSMENT
20% 80%

SCHOOL BASED
PROJECT
PROFILING Paper 1 Paper 2
20%
23% 57%

EXIT
PROFILE CA MARK (20%)
CERTIFICATE SA MARK (80%)

FINAL MARK (CA MARK + SA

MARK = 100%)

Fig. 1 Assessment Model

In addition, learners shall be profiled and learner profile records established. Learner profile
certificates shall be issued for checkpoints assessment in schools as per the dictates of the
Teacher’s Guide to Learning and Assessment. The aspects to be profiled shall include learner’s
prior knowledge, values and skills, and subsequently the new competences acquired at any given
point.

9.3 Scheme of Assessment

The Assessment Model shows that learners shall be assessed using both School Based Continuous
Assessment and Summative Assessment for both School and ZIMSEC assessments.

The table shows the Scheme of Assessment where 20% is allocated to School Based Continuous
Assessment and 80% to School or ZIMSEC Summative Assessment.
FORM OF ASSESSMENT WEIGHTING
School Based Continuous Assessment 20%
Summative Assessment 80%
Total 100%
9.3.1 Description of School Based Continuous Assessment

Learners shall do one school-based project per form which contributes to 20% of the end of year final
mark. The end of year summative assessment shall then contribute 80%. However, for ZIMSEC public
examinations, two (2) school-based projects shall be considered as School Based Continuous
Assessment at form 4. The two School Based Projects shall include those done during 3 and 4
sessions. Each will contribute 10%.

9.3.1.1: School – Based Project Continuous Assessment Scheme

The Table given below shows the Learning and Assessment Scheme for the School Based
Project.
Project Execution Description Timelines Marks
Stages
1 Problem Identification January 5
2 Investigation of related February 10
ideas to the
problem/innovation
3 Generation of possible March 10
solutions
4 Selecting the most suitable April-May 5
solution
5 Refinement of selected June 5
solution
6 Presentation of the final July 10
solution
7 Evaluation of the solution August-September 5
and Recommendations
TOTAL 50

The learning and assessment scheme shows the stages that shall be executed by pupils and the
timeline at which each stage shall be carried out. Possible marks, totalling 50, are highlighted to
indicate how much can be allocated.

9.3.2 Description of the ZIMSEC Summative Assessment

ZIMSEC Summative Assessment shall be a public examination at form 4. The examination shall
consists of two (2) papers of different weighting
 Paper Paper type Marks Duration Weighting

1 Multiple choice 40 1hour 15 23%

minutes

2 Structured and Essays 100 2hours 57%

TOTAL 80%

Paper 1
Duration: 1 hour 15 minutes

Paper 1: Multiple Choice

The paper consists of 40 Multiple Choice questions.

Time: 1 hour 15 minutes

Weighting: 23%

Paper 2
Duration: 2 hours
Paper 2:
The paper consists of 2 sections which are Section A and Section B

Section A
6 compulsory structured questions totaling 40 marks

Section B - Essays
3 essay questions totaling 60 marks will be answered out of 7 questions

Time: 2 hours
Weighting: 57%