The language of business is not all about accounting. It also relates to business, construction and services, career advice, business travel, marketing, advertising, hotel and restaurant industry, small business, entrepreneurship, architect and interior design, writing and other imaginable actions that man does in his life.
The below list is collection of written articles defining what exactly is the language of business. They would help us understand the meaning of business language.
Ordinary interest is calculated on the basis of a 360-day year or a 30-day month; exact interest is calculated on a 365-day year. The interest formulas for both ordinary and exact interest are actually the same, with time slightly differing when given as number of days.
What is needed here is your interest to learn. The elementary banking problems concern deposits and withdrawals; these require the operations of addition and subtraction. A person may arrange with the bank to have either a savings account or a checking account. Banks have different specific rules regarding the opening of accounts.
The adjectives “Net” and “Gross” have to be noted. Gross means whole, total, without deductions; net means remaining, clear of extraneous items, free from all deductions. Therefore, Net Sales = Gross Sales – Refunds and allowances and Net Profit = Gross Profit – Operating expenses.
The problems in commission are actually percentage problems in which the elements are: Commission or brokerage is percentage, rate of commission or brokerage is rate and purchase price, sales price or amount collected, whichever is the case, is the base.
In business, it is a regular practice to offer deductions or discounts on the price of merchandise for sale. Manufacturers and wholesale dealers offer trade discounts to retailers to induce purchase in large quantities, to reward steady customers, to attract new customers and to keep pace with price changes after the catalog of the goods has been printed and issued.
Aside from the social networking sites like Facebook, Twitter, Google+, and bookmarking sites, etc. that online writers are happily using to promote their published articles online - there are other places I know where to market our articles to harvest backlinks and traffic for our blog pages. They are Wikipedia, LinkedIn and ZEEF.
It is normal to customers that before they purchase products or services from business firms – first they would request quotations for the prices of particular products and services they needed. Customers are normally looking for good quality and with the lowest prices of products. So, they go from one company to another company to check them out and to compare products prices.
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