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What are some of the questions that a good proposal must answer convincingly?
To write a good proposal,one needs to have a clear understanding of the problem that one hopes to solve and things that are needed to solve it.A proposal must convincingly answer the following questions:
1.What is the problem that one will solve?
2.Why does a problem or opportunity need to be solved or explored immediately?
3.How will the problem be solved?
4.Can one do the work needed to solve a problem or explore an opportunity?
5.Why should one be the person to be doing the work?
6.When will one finish the work?
7.How much will one charge?
8.What exactly will one provide for the organization?
Sales Discounts
Price reductions offered by sellers to encourage prompt payment by buyers.
Credit Sales
Sales made by a business where payment is allowed to be deferred until a later date.
Perpetual Inventory System
An inventory management method where updates are made continuously to record sales and purchases instantly.
Merchandise Inventory Account
An account on the balance sheet that represents the cost of goods available for sale, including items purchased for resale.
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