Marketing EssentialsSection 1:
Sales TransactionsAfter You Read Online ActionReviewing Key Terms and Concepts - A sales check is a written record of a sales transaction that includes
such information as the date of the transaction, the items purchased, the purchase
prices, the sales tax, and the total amount due. A sales check can also contain
customer information and details such as the time of the sale and the identity
of the salesperson.
- The bank that issues the card charges the merchant a flat rate of
$0.59 per sale regardless of the amount of the sale. Charges for credit card
use are considerably higher, 1.79% to 3.25 or more. Merchants accept credit
cards because accepting them increases sales up to 40%.
- A return is merchandise brought back that generates a refund credit
to the buyer. An exchange is merchandise brought back and replaced by other
merchandise. An allowance is a partial return of the sale price for defective
merchandise that the buyer chooses to keep.
Integrating Academic Skills - $55.35; ($24.95 + $5.95 + $34.99) divided by 0.80 = $55.35
- E-mails should include discussions of increased sales as well as
increased costs.
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