Business Practices

Central Buying: Chain Store Purchasing Strategy
Central buying is a widely used chain store practice where all purchasing is done through the central or main office, which then ships merchandise to different branches.
Countermand: To Revoke An Order
An exploration into the concept of countermand, its applications, historical relevance, and practical examples. Understand the intricacies of revoking or withdrawing orders and the implications in various fields.
Dual Agency: Real Estate Representation
Dual Agency is the situation in which a real estate agent represents more than one party to a transaction. It is accepted in most states with full disclosure, though many people do not consider it a good business practice because each party wants representation for his/her position.
Lay Off: Temporary or Permanent Employee Removal Due to Economic Factors
A comprehensive overview of 'Lay Off,' the process of temporarily or permanently removing employees from a company's payroll due to economic slowdowns or production cutbacks, not related to employee performance or behavior.
Oversell: Continuing a Sales Presentation After the Customer Has Agreed to Buy
Overselling refers to the act of continuing a sales presentation after the customer has already agreed to make a purchase, potentially causing the customer to reconsider and cancel the order.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.