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Closeout (sale) A closeout or clearance sale (also called a closing down sale in the United Kingdom [ 1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy. [ 2]
The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [ 1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
Latin Translation Notes a bene placito: from one well pleased: i.e., "at will" or "at one's pleasure". This phrase, and its Italian (beneplacito) and Spanish (beneplácito) derivatives, are synonymous with the more common ad libitum (at pleasure).
"Not merely in the realm of commerce but in the world of ideas as well our age is organizing a regular clearance sale," Johannes de Silentio begins in Fear and Trembling. A hundred pages later he ends on a similarly commercial note: "One time in Holland when the market was rather dull for spices, the merchants had several cargoes dumped into ...
Customs clearance can be conducted at any one of the many customs offices in China. A commercial invoice, packing list and the CIF (cost, insurance and freight) must be provided for the shipment. It is also important to make sure that all documentation shows the complete country name as “ People’s Republic of China .”.
Stock clearance. is an activity by a company where ownership of products and materials moves on to another legal entity. These products and materials in stock clearance will not form the basis of a company's key activities. As such, they are often end-of-line, surplus, returned, or bankrupt. A company will often pursue a non-profit-making ...
From an alternative name: This is a redirect from a title that is another name or identity such as an alter ego, a nickname, or a synonym of the target, or of a name associated with the target.
The market clears when the price reaches a point where demand and supply are in equilibrium, enabling individuals to buy or sell whatever they desire at that cost. When supply and demand are equal, a market clearing takes place. The market must experience a shortage or a surplus to reach this state. A shortage indicates that buyers are ...