What is direct selling? Direct selling is one of the primary forms of doing business. This method of sale is adopted by both small businessmen…
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Selling price is defined as the price at which a particular commodity, product, goods, or service is sold to the buyer by this weather. Generally…
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So you spent some amount of cash on something you THOUGHT you needed — to acknowledge later you could have left it. Well done! You…
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The sales pitch is defined as the attempts to negotiate and persuade someone to close the deal, finally leading to the sale of the product…
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Sales Agreement can be understood as a contract in which Seller and Buyer agree upon the terms and conditions of the purchase. You must have…
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Definition The process of arriving at a joint decision between two parties is called collective bargaining. The internal disputes between the employer and the employee,…
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Consumer credit can be defined as a personal debt given to individuals for the purchase of goods and services. Under consumer credit, the money required…
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In case you want to measure the relationship between the sales of any product or service and variations in consumer income, then Income Elasticity will…
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When salespeople opt for an investigative approach by asking questions to get quality responses from the prospects to find out their pain points so that…
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The introduction of technology and high-speed internet has changed the way our world operates. Bankers started keeping records in computers rather than keeping account books;…
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Definition As the name suggests, the rate card is a card showing the rates. It is defined as a document that contains descriptions about the…
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Retail stores have changed dramatically in the past few decades. Earlier, one retail store was dedicated to the sale of one type of product. But…
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The bullwhip effect is a supply chain phenomenon in which there are inefficiencies in forecast and supply chain. The bullwhip effect refers to the fluctuating…
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The market space in marketing is defined as a virtual market place in the commercial world, where the limitations of physical boundaries are not applicable….
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Definition Gross Sales is the total of all the sales of the company’s products and services in a fix time duration without deducting or subtracting…
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Sales volume is defined as the number of units sold during a specific accounting period. For example, if a company sold 100 strips of medicine…
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