Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

Calculating the cost of goods sold gives a business insight into its performance and helps calculate profit. Many, or all, of the products featured on this page are from our advertising partners who ...

The first-in, first-out inventory (FIFO) system works by assuming that items are pulled out of inventory in the same order that they get put in. Moving older stock first can increase your company's ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Robert Kelly is managing director of XTS Energy LLC, and has more than three ...

No matter what type of product you sell, the price you charge your customers or clients will have a direct effect on the success of your business. Though pricing strategies can be complex, the basic ...

Capital goods are any asset that is used by a company to produce products or services for consumers. For example, car factories are capital goods used in the auto industry, while cooking appliances ...

Inventory is the number and value of stock items a business possesses. It comprises finished goods ready for sale and raw materials awaiting or undergoing production. The value of inventory must be ...

The Supply of Goods and Services Act was replaced by the Consumer Rights Act on 1 October 2015. For guidance in relation to contracts entered into on or after 1 October 2015, please see our page on ...

The world markets and global supply distribution chains provide opportunities for companies to grow and prosper. Sales through the Internet allow for products to be sold and sent to almost anywhere in ...