Terms used in trade such as Sales Conference,Sales Tax,Sales Mix, Sabbatical, Salvage etc.

 

The terms used in business such as Sales Conference,Sales Tax,Sales Mix, Sabbatical, Salvage etc.

 

 

This post explains about terms used in business such as Rush Hour , Sabbatical, Salary,Sales Conference,Sales Tax,Sales Mix,Salvage etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

The terms used in business

 

Rush Hour - The peak periods at the beginning and end of the day, usually longer than an hour, when people are travelling to and from work.

 

Russell 2000 Index - Published by the Russell Company, an index which tracks the performance of 2000 smaller companies in the US.

 

Rust Belt - Also called The Manufacturing Belt. In the US, an area which contains many old, unmodernised factories, such as steel works, many of which are now closed or not very profitable.

 

R-Value/U-Value - Refers to insulation effectiveness in buildings, and to materials used in construction. Either term may be used. U-Value is the reciprocal of R-Value. The higher the R-Value the better the insulation. The lower the U-Value, the better the insulation.

 

The terms used in  business such as Sales Conference,Sales Tax,Sales Mix, Sabbatical, Salvage etcSabbatical - A period of leave which is granted to an employee, sometimes up to a year, in order for them to study, travel, rest, etc.

 

Sabotage - To deliberately destroy or damage property, tools, or machinery in order to hinder production. To cause an obstruction to something in order to make it unsuccessful.

 

SAD (Single Administrative Document) / DAU (Document administratif unique) :The Single Administrative Document (SAD) was set up by the European Community Council on 1st January 1988 with the purpose of standardizing customs documents, harmonizing codification and simplifying procedures in international trade exchanges.

 

Safety Stock - Also called Buffer Stock. Extra stock kept by a company or business in case of extra demand or late deliveries of new stock.

 

Salami Slicing - The process of carrying out small actions or removing something in very small amounts so that it goes unnoticed, i.e., stealing money.

 

Salary - An employees wages which are paid on a regular basis for performing their job.

 

salary: a form of pay given to employees at regular intervals in exchange of the work they have done.

 

Sale And Leaseback - An arrangement in which property, machinery, etc., is sold to a business or individual, who then immediately leases it back to the seller.

 

Sale contract / Contrat commercial :Legal formalisation of a transaction carried out between two parties : seller-exporter and buyer-importer. It defines the purpose, conditions, compensation and choice of arbitration for a commercial transaction.

 

Sale Or Return - An agreement in which unsold goods can be returned to the supplier without the goods having to be paid for.

 

Sales And Marketing - The business of promoting and selling a company's products or services. The department of a business which carries our these activities.

 

sales channel: a means of distributing products to the marketplace, either directly to the end costumer, or indirectly through intermediaries such as retailers or dealers.

 

Sales Conference - A meeting at which members of a company's sales team(s) are brought together to discuss or review ways of marketing the company's products or services.

 

Sales Emporium:It is a kind of large general shop sponsored by the government it serves as the most important medium for giving publicity to as well as marketing of the products of the country.

 

sales force: a group of sales people or sales representatives responsible for the sales of either a single product or the entire range of an organization's products.

 

sales forecast: a prediction of future sales, based on past sales performance. Sales forecasting takes into account the economic climate, current sales trends, company capacity for production, company policy, and market research.

 

Sales Ledger - Also known as Accounts Receivable. A company's record of transactions for goods and/or services which have been provided to a customer, and for which money is still owed.

 

sales network: the distribution network by which goods and services are sold.

 

sales outlet: a company's office that deals with customers in a particular region or country

 

Sales Pitch - A salespersons attempts to persuade a potential customer to buy something, often using demonstration and argument.

 

sales promotion: activities, usually short-term, designed to attract attention to a particular product and to increase its sales using advertising and publicity.

 

sales quota: a target set for the sales force stating the number and range of products or services that should be sold.

 

Sales representative / Agent Commercial :A sales representative is an agent who is responsible, on a full time basis, for negotiating and possibly concluding contracts for the sale, purchase, hire or provision of a product or a service, in the name of or on behalf of producers, industrialists, traders or other sales representatives.

 

sales representative: a salesperson selling the products or services of a particular organization or manufacturer. Sales representatives are sometimes employed directly by a company as part of the sales force or they may work independently and be employed by contract. Sales reps often represent more than one product line from more than one company and usually work on commission.

 

Sales Resistance - The refusal of a potential customer to buy a product or service, often as a result of aggressive selling practices.

 

Sales Tax - Known as VAT (Value Added Tax) in the UK. A tax based on the cost of a product or service which must be paid by the buyer. This tax does not apply to all goods or services.

 

Sales Mix:  The portion of sales forecasted between the various products and services being offered

 

sales: the activity of selling a company's products or services, the income generated by this, or the department that deals with selling.

 

Salvage Value - Also known as Residual Value. The estimated value of an asset, for example a piece of machinery, which is to be scrapped or removed.

 

Salvage:It refers to an allowance or reward paid to the persons who save vessels, goods or merchandise from the dangers of the sea.

 

Sample / Echantillon :A single item or part of a whole product that can be looked at to see what the rest is like.

 

sample: A limited portion of the whole of a group.

 

Sampling / Echantillonage :Distribution of promotional offers in the form of paper or a product sample, at a given point in time, in a specific place or geographical area in order to create direct contacts with a particular target group of consumers.

 

Sandbagging - In a court of law, the practice by a lawyer of not mentioning a possible error which has occurred during a trial in the hope that it goes unnoticed and the lawyer can then use it as a basis for appeal.

 

Sandwich Course - In the UK, an educational course, sometimes lasting three or four years, which involves alternate periods of study, e.g. at university, and periods of work experience in business or industry.

 

Sanitary Certificate - An inspection by a government agency that confirms that cargo meets the minimum sanitary requirements.

 

SAR :School Activity Report. The SAR shows an individual school's full year academic schedule, courses offered, enrollment of classes, length of classes, and staffing of classes. When a school is operating with multiple school calendars that have different numbers of school days, the data has to be submitted via Professional Personnel Activity Report (PPAR) forms.

 

The above details describes about terms called in business such as Rush Hour , Sabbatical,Salary,Sales Conference,Sales Tax,Sales Mix,Salvage etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in business such as Revenue Stamp,Reverse Merger,Revolving Credit , Rider ,Route 128 , Royalty ,Rubber Cheque etc

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