In a nutshell, VAT is an indirect tax that is imposed on different goods and services on the basis of value added amount in different stages of production and distribution. 3. VAT is based on value added principle. 2. VAT is a broad-based tax as it covers the value added to each commodity by a firm during all stages of production and distribution. Every firm must hold adequate inventory. The logistics costs are high: a product must be returned, checked and repacked. However, it should be noted that the benefit from quantity discount must be greater than the cost of maintaining inventories. However, there is a need to hire a MYOB certified consultant that provides the best MYOB training Sydney has to offer. However, the fact remains that 96% – 98% of all new businesses registered worldwide are classed as small businesses. If a firm’s ordering cost is relatively higher for order placed each time, frequent purchasing in small quantity is not economical.

If the price of materials is likely to rise in near future, the firm makes larger quantity purchase at present. 3. The total sale by the competitors in geographical areas not served by the firm. The system can route calls to a salesman on the road to close a sale. Now, this may sound simple and obvious, but this type of material handling equipment can really boost or drop your efficiency. The preparation of sales budget requires forecasts of quantities to be sold and standard prices at which these quantities may be sold. That is, budgeting exercise usually commences with the preparation of the sales budget because the customers’ demand is usually the key factor for most organizations. Perhaps the rains came last night as some sort of preparation for todays delivery of the newest test scent grouping of candles: Lakeside. Payments are due the 7th, 15th, 22nd, and last day of the month.

They are the costs which remain fixed or constant in total despite changes in the volume of production or sales. It is a short but intensive program that prepares you for positions, including account executive, inside sale representative, sale coordinator, sales consultant, sale specialist, commercial sales representative, account executive, territory sales representative and key account manager. It is imperative that independent sales representative chalk out territory as well as research the product / service they are promoting. Sales budget defines the quantities and values of expected sales in total as well as product wise and area wise during definite future period. Fixed overheads are also called period costs or capacity costs. But my manager called to ask me back part time so I can get my foot back in the door. These are called as factory fencing which not only helps in laying boundaries but also for demarcating danger areas.

If you study sales at all, you’ll find that there are hundreds, if not thousands, of best ways. If you manage or are part of a sales team, sales training courses can be very beneficial to everyone. You can improve pricing accuracy by integrating bar-code scanners and credit card authorization ability with the POS system. YSK: That home depot store credit cards for non receipted returns are now tied to a singular parties ID and may only be redeemed by that party for in store, not online, items. It may take several calls or mailings before a lead converts. Communicating with someone through email, Facebook, Instagram, and LinkedIn may confuse your customer. This makes the customer happy. 2. Movements in the total customer demand and in the market share of the firm and it competitors. If the cost of funds to be invested in inventories is relatively cheaper and they are conveniently available at present, the firm makes large purchase of inventories. If the firm deals with the business of perishable products, the size of investment in inventories become lower. Therefore, if a firm has relatively lower holding cost of material, it could maintain relatively larger investment in inventories to gain from the quantity discount offered by suppliers.

Therefore, placing lessor number of orders in relatively large quantity each time could reduce the variable costs associated to ordering of material. Therefore, by maintaining adequate inventories the firm can set up relatively longer run of the machines so as to reduce set up cost per unit. If the length of production cycle is relatively longer, the firm has to maintain investment in work-in-progress inventories for longer duration of time as a result of which the size of investment in inventories increases. If certain kind of materials are only available in a particular season only, the firm has to increase the investment in inventories to keep larger stocks in the season. If a firm does not hold sufficient inventory, and makes purchases only when it is needed for production and sale arises, then the firm will not be able to offer timely delivery according to customers order. I used to make little lists on yellow stickies that I pasted into my wallet and then I’d drive all over town, from store to store.