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Article Buying WiselyIt is important for any business to ‘buy wisely’, keeping costs down keeps profits up. To be able to buy wisely the following tasks should be undertaken:
Other things to watch out for when buying include:
It doesn’t matter what the business is buying whether it be a pen, camera or even an aeroplane keeping in mind the items listed here, will make you a better buyer and save money for the business in the long run, as well of course as increasing profits. Another good tip especially for start-up businesses, but could also be good practice for established businesses, particularly when buying online, is to buy on credit card. Some credit card companies do offer credit cards to businesses, there is usually an annual fee, but beyond this the cards operate exactly the same way as personal cards. It is also possible to have credit cards issued to staff members, all card holders will share the same credit limit, but it does allow staff members to incur agreed expenses. Using this method of payment not only gives an additional record for accounting purposes, but also offers some protection if the goods are not delivered. See Also: Photography Business topic section Cutting the Cost of Getting Your Photographs, Balancing the budget for new equipment to training Nikon DSLR's Price comparisons across suppliers
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