Purchasing, sell and bargaining are three common activities carriedout during trade for any commodity, it's fercilitated through finance as a medium.
In business purchasing, selling and bargaining each carry a specific duty in profit generation.
When you are purchasing a good, the first thing you must do is know how essential is it, does it cause the business to grow, is it a tool or machine to facilitate any activity, is it for luxury, if it is essential to you, go ahead purchase.
You must check on the product material, does it match with the prices tagged on it before purchasing.
Value the product you want to purchase does it add value or you don't mind of it's value addiction, if so just look at it's benefit to you.
Check on it's fashion and design does the fashion or design, size, type fit your preference most times people loss money purchasing what they later regret not to buy, choosing a right fashion and design is the best option.
When bargaining on market here are the best steps to look after to minimize financial expenditures.
Check on your personal money on your bank can it purchase the product you need.
Value the product you are interested in purchasing is it worth it's price tag if not demand price decrement ,if negotiable and if impossible with a fixed price try another product with the same useage but of a lower price.
Another best option for products with fixed prices but are essential for you when you have financial issues is try doing hire purchasing with reasonable terms and conditions this gives you the ability to own the product without affecting your finances through limiting over expenditures.
Purchase products with reliability and muti purpose this ensures and limits one from purchasing many products instead purchase a reliable and and muti purpose product that can cover wide range of activities this becomes beneficial and limits financial and maintenance expenditures.
And when carryingout sales of your product here are basic steps to follow.
Always sell the product at a reasonable price not too low not too high, it generates profits for you and customers also can save their income.
Sell your product not below your production level, set a price that does not bring loses it should fercilitate it's production and profits.
Set price discounts for customers who buy products in large quantities this encourages higher sales.
Usually as a person when doing trade you must take care during business, products, purchases, sales this areas can determine how your business will generate profits, the first priority you have to reduce on expenditures and focus more in generating profits as a result the profits accumulate for more investments.
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