Picture this – the sales managers are offering 15% off electronics and computers on top of bonus discounts if they pay early. Plus, the sales managers receive a commission when they sell a product over $1,000. For accountants, one question comes to mind: how will I...
As a business owner, you’re always looking for ways to increase your profits and stay ahead of the competition. One pricing strategy that can help you achieve both of these goals is volume pricing. Volume pricing is a sales strategy in which the price per unit...
Microsoft Dynamics GP is an excellent Enterprise Resource Planning (ERP) system for small to mid-sized businesses. It has a lot of functionality straight out of the box, with very little customization required. However, for some businesses there was a need for a more...
Inflation is an inevitable part of economic growth, but it can pose a challenge for businesses trying to maintain profitability while keeping prices competitive. As the cost of goods and services rises, businesses are often forced to increase their prices, but this...
What if you were selling a seasonal item, like Halloween candy? Chocolates, lollipops, gummies, and hard candy are stocked and ready for people to buy, all at full price. But what happens when the holiday is over? We’ll show you the how seasonal items as an example...
Did you know that on average U.S. consumers belong to 16 loyalty programs but actively use less than half of them? However, it costs five times as much to attract one new customer than it does to keep an existing one. So, are customer loyalty programs worth the...
