Tomatoes are one of the most important cooking ingredients in Zimbabwe. Most of the food cooked in Zimbabwe is never complete without using tomatoes. Tomatoes are used daily in cooking stews, soups, salads etc, thus their demand is very huge. Tomato farming is one of the most profitable farming business ideas in Zimbabwe, it has got lucrative returns and high profit margins. Before you start the tomato farming business, you have to decide how many hectares you want to farm, which type of tomatoes you will farm, which season you are going to plant your tomatoes, and your target...Read More
Author: StartupBiz Zimbabwe
Location choice is a matter of life and death in business. What are the dynamics to contemplate when selecting a business location? How is a business location analysis conducted amidst endless possibilities? Is location a major ingredient for the perfect recipe of success? These are burning questions which many emerging entrepreneurs seek answers for. The answer is simple, and it is that location matters. Here is a list of factors to consider when choosing a business location. Proximity to raw material and depleting inputs When one intends to run a business that involves manufacturing or production then the...Read More
The innovative make money and progress while the poor and unsuccessful make countless excuses. The great Barack Obama once said fear of trying shows a certain poverty of ambition for it is only when you hitch your wagon to something larger than yourself that you realize your true potential. Excuses do not liberate you from the scourge and terror of living a poverty stricken life. In everything that you vow to undertake you need to keep moving so that you can embrace the Promised Land. The journey is not only for the swift but also for the persistent with...Read More
The usage of Liquefied Petroleum Gas (LP Gas or LPG) has increased significantly in Zimbabwe. Many Zimbabweans started to switch from electricity to LP Gas just after the dollarization of the economy in 2009, due to frequent power cuts which were happening. The electricity power problems later improved, but ZESA introduced prepaid meters, which made many families to be more sensitive towards their electricity consumption. Thus, Zimbabweans continued to switch from using electricity to LP Gas solutions which are cheaper. In 2010, the annual usage of LP Gas in Zimbabwe was only 4.3 million KG, now the monthly usage...Read More
Car ownership has increased significantly in Zimbabwe. A lot of individuals are purchasing new cars everyday (mostly second hand) and others have existing vehicles which also need maintenance. Imagine such a huge market which needs servicing and maintenance and how much opening a car auto parts business will make you a very successful entrepreneur. Operating an auto spare parts business in Zimbabwe is very profitable. The auto parts industry is resilient and although Zimbabwe is going through an economic downturn, this industry enjoys good profits. Before you start a motor spares shop business in Zimbabwe, you have to decide on...Read More
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Question 1 of 10
Revenue is the income from sales of products or services. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.Incorrect
Revenue is the income from sales of products or services. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.
Question 2 of 10
Which is the largest bank in Zimbabwe?Correct
CBZ is the largest bank in Zimbabwe, followed by CABS.Incorrect
CBZ is the largest bank in Zimbabwe, followed by CABS.
Question 3 of 10
What is the monthly poverty datum line for a family of 5 in Zimbabwe (2016)?Correct
The poverty datum line in Zimbabwe is $480Incorrect
The poverty datum line in Zimbabwe is $480
Question 4 of 10
Which sector contributes more to the GDP of Zimbabwe?Correct
Since 2009, the Distribution, Hotels, and Restaurants sector has been contributing more to the GDP of Zimbabwe than other sectors. (Source : ZIMSTAT)Incorrect
Since 2009, the Distribution, Hotels, and Restaurants sector has been contributing more to the GDP of Zimbabwe than other sectors. (Source : ZIMSTAT)
Question 5 of 10
The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the ……… ?Correct
The income statement reports the revenues and expenses for a period of time.Incorrect
The income statement reports the revenues and expenses for a period of time.
Question 6 of 10
How much tax do Zimbabwe businesses pay?Correct
Businesses pay 25% tax in Zimbabwe.Incorrect
Businesses pay 25% tax in Zimbabwe.
Question 7 of 10
Debt is a liability not an asset. An asset is defined as a resource that is owned or controlled by a company that can be used to provide a future economic benefit.Incorrect
Debt is a liability not an asset. An asset is defined as a resource that is owned or controlled by a company that can be used to provide a future economic benefit.
Question 8 of 10
Munyaradzi Gwatidzo is the founder of which company?
Question 9 of 10
There must be sufficient finance to pay for the daily running of the business.This money is known as ?Correct
Working capital is the cash available for day-to-day operations of an organization. If you don’t have enough working capital you may go bankrupt, even though your business is profitable!Incorrect
Working capital is the cash available for day-to-day operations of an organization. If you don’t have enough working capital you may go bankrupt, even though your business is profitable!
Question 10 of 10
It is important to make eye contact with a customer because?Correct
Eye contact reassures customers that your attention is focused on themIncorrect
Eye contact reassures customers that your attention is focused on them