Business Essentials: Shopping, Payments, Contracts & More
Currently Shopping
- The buyer requests a specific good or service via an order.
- The seller provides the product requested, accompanied by a remittance.
- The merchant who issued the invoice legally accredits the purchase or service provision, if applicable.
- The buyer shall pay in the agreed form, cash or term, using a check, a bill of exchange, etc.
- The seller certifies that payment has been made, documented by a receipt.
Currently Payment
There is a wide variety of means of payment, among which we highlight, in addition to cash, payment by transfer, check, and bill of exchange.
Type Checking:
- Cashier’s checks
- Check
- Check Budget
- Check confirmed
In a bill of exchange, several people are involved: LLiurador-free, policyholder, or tenant.
Contracts and Types of Contracts
A contract is an agreement between two or more persons or companies agreed upon by which to give, do, or not do something or provide some service.
Different types of contracts:
- Purchase Contract
- Contract services
- Supply contract
- Insurance contract
Financing of the Company
- Capital contributions: Contributions from members of the capital.
- Self-financing: constituted by the funds generated by the company which are allocated to the extension or maintenance of its activity.
- Grants and subsidies: the company may receive aid from the government.
- Funds required: Resources for which the company must pay interest and to be paid back.
Employment Contracts and Types
The employment contract is an agreement between two persons whereby one of them, the worker, agrees to provide certain services under the direction of another, the employer, and receives remuneration in return.
Types of contracts:
According to the conference:
- Full-time
- Partial-Day
Based on the duration:
- Duration-specific
- Partial-Duration
Contract work indefinitely:
- Objective
- Duration
- Form
- Incentives
- Processing
Obligations in Social Security
The state social security system offers several benefits to repair or overcome adversity in certain situations or states of specific need, such as retirement, unemployment, maternity, sickness, etc., that usually causes a loss of incomes or expenditures in excess of those that suffer.
Social security is the system whereby the state guarantees to persons within its scope including adequate protection if they are in a situation of need.
Management and Pricing
We call the amount of stock raw materials, semifinished products, and finished goods are in stock at any given time.
An inventory is a list of valued elements that make up the company at a given moment in time.
A record store is a document that records the inputs and outputs of materials in the warehouse with its corresponding rating.
Marketing and Distribution of Products
The marketing plan is a document describing the business objectives, action programs, and resources that will be needed when the calendar will be held every action.