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MARKET REPORT

MARKET REPORT | DEFINITION, SCOPE, IMPORTANCE & KINDS OF MARKET REPORT

What is Market Report? Market Report is an index of the business conditions existing in a market during a specific period of time. It reflects the general state of business in the market for which it is prepared. MARKET REPORT DEFINITION Market Report is prepared by business experts and media correspondents who specialize in business matters….

MARKET

WHAT IS A MARKET | DEFINITION | CLASSIFICATION OF MARKETS

What is a Market? In the most general sense of the word ‘market’ it is a place where goods are offered for sale. It may be an open place, a shop, a building or premises. People go there to buy and sell commodities. With the growth of economic activity, a market has come to be…

QUALITIES OF BUSINESS REPORT

QUALITIES OF BUSINESS REPORT | BUSINESS COMMUNICATION

What are Qualities of Business Report? Since a report is a very important document, it needs to be written very carefully and consciously. In view of its importance as a decision-making document, a report has to be well-thought and well-written. Let’s discuss in detail Qualities of Business Report are as under; QUALITIES OF BUSINESS REPORT A…

HOW TO WRITE A BUSINESS REPORT

HOW TO WRITE A BUSINESS REPORT | OUTLINE OF REPORT BODY

How to write a Business Report? No business end can be achieved by unplanned business messages. Regardless of the type of a business report, the ‘*Titer is required to plan it in advance by thinking about its purpose, possible contents, the reader, and the methodology to be employed. Business Reports, whether formal or informal, long…

FORMAT OF BUSINESS REPORT

FORMAT OF BUSINESS REPORT | PARTS OF A SHORT & LONG REPORT

What is format of Business Report? Whether formal or informal, the subject matter of a special  report is usually arranged in the following order: Terms of Reference 2. Procedure 3. Findings and Conclusion 4. Recommendations Lets us discuss Format of Business Report are as under; FORMAT OF BUSINESS REPORT Terms of Reference: Terms of Reference…

BUSINESS REPORT

BUSINESS REPORT | DEFINITION | CLASSIFICATION OF BUSINESS REPORTS

What is Business Report? In the most general sense, a business report is the conveying of information on some aspect of business by one person to another or by one group of persons to another group of persons. In olden days when business functions were performed on small scales, no reports were needed. But, with…

OFFICIAL LETTER

OFFICIAL LETTER | DEMI- OFFICIAL LETTER & OFFICIAL APPLICATIONS

What is Official Letter? Word “Official” means ‘of or pertaining to an office or post of authority’ Taken in this sense, official letters mean letters that are written in connection with some official matters and official correspondence means an exchange of letters between two or more public offices to discuss official business. Official letter includes: …

EMPLOYMENT LETTER

EMPLOYMENT LETTER | THINKING AND PLANNING ABOUT CAREER

What is Employment Letter? Business Firms and Government Departments issue employment letter when they desirous of making recruitments, advertise situations vacant, to invite job applications. Most of the organizations have specified application forms which the candidates are required to fill and forward to the employing office. However, in many cases, the organizations and departments, intending…

COLLECTION PROCESS

WHAT IS COLLECTION PROCESS | THREE STAGES OF COLLECTION PROCESS

What is Collection Process? Collection process is spread over different stages. The first notification which the customer receives is the invoice or the statement which is sent to him immediately after the supply of goods on credit. It is, in fact, a standard notification, often computerized, stating clearly the total amount due, and the date…

COLLECTION LETTER

COLLECTION LETTER | THREE-FOLD PURPOSE OF COLLECTION LETTER

What is Collection Letter? Collection Letter is the message that is sent by business houses to the defaulting customers to collect overdue accounts. These letters are also termed as ‘Dunning Letters’. The causes of over-due accounts are as the individuals and companies they represent. A borrower, buying goods on credit, is expected to make payment…

LETTER OF CREDIT

LETTER OF CREDIT | DEFINITION | TYPES OF LETTERS OF CREDIT

What is Letter of Credit? Letter of Credit is the letters that are written to handle credit matters. In terms of trade credit is “a promise of future payment”. The society has progressed with the passage of time, and so has the world of trade and commerce. A little volume of business is now done…

SALES LETTER

SALES LETTER | KINDS OF SALES LETTER | FUNCTIONS / ORGANIZATIONAL PLAN 

What is Sales Letter? A Sales Letter is the one that is written to sell goods, services or ideas. Every year billions of rupees worth of goods and services are offered for sale by sellers, suppliers, and manufacturers to prospective buyers and consumers. The more persuasive, convincing and effective sales messages are, the better results…