A trade discount represents the reduction in cost of goods or services sold in the business environment. Trade discounts can help small businesses save money when purchasing goods or services from ...

In our last article, we looked at the advantages of trying to obtain trade discounts, also sometimes known as early payment discounts. Let’s now turn that question around: Should your business be ...

Business owners often provide discounts to attract customers and increase sales. Sometimes, they receive discounts themselves from suppliers and manufacturers. Therefore, it's important to know how to ...

Many businesses are resellers of manufactured goods. The business model involves marking up the price of the product beyond what it costs to acquire it from the manufacturer, to sell it at a profit.