Sales

Sales

Sales is the process of selling goods or services. The process begins with the request to buy by a customer or a offer to sell by a seller. Then follows the payment and change of title.

Industry: Professional careers

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Sales

negotiated price

Professional careers; Sales

A price agreed upon for the supply of goods or services by both buyer and seller.

functional discount

Professional careers; Sales

A price allowance given to a firm performing some part of the marketing function for other members of the channel of distribution, also called trade discount.

quantity discount

Professional careers; Sales

A price reduction made to encourage a purchaser to order a larger quantity than would otherwise have been purchased.

cumulative quantity discount

Professional careers; Sales

A price reduction offered to a purchaser in which the amount of the discount increases over time with the volume purchased.

promotional allowance

Professional careers; Sales

A price reduction or discount granted by a manufacturer to a member of the marketing channel in return for some form of special promotion of a particular product.

economic forecast

Professional careers; Sales

A prediction of the likely impact on the business environment of factors such as inflation, interest rates, unemployment, government and consumer spending, etc.