if demand for a product or service deadlines,the price of the group must be lowerd in order to move it off of the store's shelves

all business expenses affect profit

accurately determining the price of merchandise will ensure maximum sales and maximum profit

revenue remaining after the expenses of running the business has been deducted

the economic conditions that exist in the given area can affect profit by having an impact on consumer buying

sometimes a business owner simply chooses to stock the wrong merchandise

buisness owner should carefully consider what task need to be done each day and schedule employees accordingly

wheter prices have to lowerd in order to do so or not , profit can be increased

it is use in income statement

buisness owners strive to negotiate the best terms for delivery

buisness expensess

cost of merchandise sold

the most basic pricing formula is the one for calculating retail price when given cost and Dollars make up

the most common type of price change

a common pricing method used by retailers

reductions in price given by manufactured/whole salers when a large or specified quantity is purchased

based on total purchases over a specified time

given to buyers for a quantity purchase on a single order

offered to buyers as an incentive for paying the invoice amount within specified number of days

also called functional discounts

based on the date of the invoice

indicates that the payout period does not begin until the date indicated in the terms

the payout period does bot begin until the last day of the month in which the invoice dated

the payout period does not begin until the buyer receives the good from the seller

the buyers has additional days in which to pay and still receive the cash discount

are used in evaluating performance and products

are associated with reducing the potential for defective parts services (e.g training and quality improvement

are associated with reducing the potential for defective parts services (e.g training and quality improvement

refers to costs that result from the production of defective parts or services before delivery to customers

arises delivery of defective parts or services (returned good, lost item liabilities.)

it is a process of checking to see whethere the standard is met the goal or quality assurance is to detect a detective process immediately