Sunday, March 8, 2009

THE MAIN FEATURES OF MODERN MARKET ORGANIZATION

THE MAIN FEATURES OF MODERN MARKET ORGANIZATION
1.EXPANSION OF MARKET
2.STANDARDISATION OF COMMODITIES
3.THE PRESENCE OF MIDDLE MEN
4.THE METHOD OF SPECULATION
5. IMPROVEMENT IN THE MEAN OF COMMUNICATION
6.CENTRAL ORGANIZATION
7.AVAILABLITY OF EXPORT ADVISED AND BULLETINS

SALE COMPARISON OF TWO SELLOR NATURE PRODUCTS/ SERVICES IN THE MARKET

SALE COMPARISON OF TWO SELLOR NATURE PRODUCTS/ SERVICES IN THE MARKET
1. COMPANY & PRODUCT HISTORY
2.QUALITY
3.AVAILIBILITY OF PRODUCT
4. SALE (AVERAGE)
5.INCENTIVE TO RETAILOR
6. PROMOTION ACTIVETIES
7. ADVERRISMENT
8. RECOMMONDATION

MARKET REPORTS

MARKET REPORTS

The market report provides facilities of business transaction to the buyers & sellers. The market report shows the condition of market & main focus on prices of different comodities. demand & suply situation. Market report are prepared by business experts news papers correspond ants.
These report help businesman & the public in keeping a wear or condition of a market.
The main purpose of market report is to show the movment of price & to indicate the internal & external causes for such movement.

HOW TO WRITE A MARKET REPORT

HOW TO WRITE A MARKET REPORT

The writerof a market report would do well to remember the following points when drafting such a report, He should use technical terms and pharases appropriately. The report itself must be as concise as possible and the details used therein should be exact.
1-Collect the material, arrange it in a systematics manner according to the topic, section.
2-The first paragraph should state the general atmosphere of the market.
3-State the respective strenght of buyers and sellerrs. the nature and extent of demand and supply . volume of business transacted, quantities sold and bought on spot and future basis, unsold stock on hand , total arrivals in the market during the period under review.
4-Give quotation of different grands ,rates for different variety , terms of payments and delivery , quantities sold and the general tendency of prices .
5-The reporters should also given his opinion for future trend regarding the demand abd supply , probable trend of price.

ESSENTIAL PARTICULARS OF A MARKET REPORT

ESSENTIAL PARTICULARS OF A MARKET REPORT
1.TERMS OF DELIVERY AND PAYMENTS
2. SENTIMENT PREVAILING IN TNE MARKET
3.COMMENTS OF THE REPORTS ON FUTURE BUSINESS
4.DATE ON WHICH BUSINESS WAS TRANSACTED
5.PLACE OF BUSINESS TRANSACTED
6.PERIOD UNDER REVIEW
7.NAME OF COMMODITIES, TYPES & UALITY IN DETAIL
8.POSITION OF DEMAND AND SUPPLY AT THE TIME OF REPORT
9.RISE AND FALL IN PRICE
10. DIFFERENT PRICES OF GOODS RULING THE MARKET
11. VOLUME OF BUSINESS TRANSACTED
12. AVAILIBILITY OF STOCK

DIFFERENT TYPES OF MARKET REPORT

DIFFERENT TYPES OF MARKET REPORT
DAILY MARKET REPORT
WEEKLY MARKET REPORT
MONTHLY MARKET REPORT

ADVANTAGES OF READING MARKET REPORT

ADVANTAGES OF READING MARKET REPORT
1.The market report given us a faithful account of the volume of business on any market
2.It indicates the demand and supply of a comodities
3. It keeps the traders aware of the market report
4. prices are stabilished in the market as the market report disclosed the market condition of prices can be gauged through the market report
5.The tradres can compare prices of the same commodities at different markets and steps to safeguard their interest.
6. The public and the students can easily understand the technical terms of a very specialised market organization.

TERMINOLOGY OF MARKET REPORT)[

SPECIAL TERMS USED IN MARKET REPORT
(TERMINOLOGY OF MARKET REPORT)[


51. SHARES:Shares capital is the total amount which a company's shares-holders have contributed as payments. for there shares the share-holders of the company recevied profit & dividend on their shares.
52. DEBENTURES: Debentures is a documents under a company seal acknowledge giving for a capital undertaking to repay on a ix date& to pay interest at a fix at rate, debentures is fixed interest bond issued by a islamic.
53. MODARBA: Modarba is a islamic mode of financing it is a businessin which a person participate with his effort & skilled profit is shares in an agreed ration the loss is to be shares by capitalist a lown or by both.
54. MUSHARKA: Musarka is a base on idea of mixing one's capital with shares the profit & loss with agreed ratio. Musarka is jionted two o more person's & work for profit with determined capitals & shares the profit & loss with determined rates.
55. BILL OF ENTRY: The importer or his agent can decleared the detail goods imported in bill of entry the costumes official can inspect good on basis of such detail on copy of the bill of entry is kept by costume office & other copy are handed over to the importer.

TERMINOLOGY OF MARKET REPORT)/

SPECIAL TERMS USED IN MARKET REPORT
(TERMINOLOGY OF MARKET REPORT)/

41. STREET PRICE: After the stock exchange is closed, sometimes selling of securities is done outside the exchange at a privately quoted price. This is known as Street price.
42. FORWARDING AGENT: The forwardings agent collect delivered &b forwards goods on behalf of the exporters. These agent are export in costumers law's & formalities of export the export on hire the services of forwarding agent.
43. CLEARING AGENT: The clearing agents examine the goods received fro another countries. The clearing agent known the rules of excise and costums after completly all the formalities of the goods are despatched to the business place of the importer.
44. INVOICE: The seller can sent invoicet the buyer just after despatched of goods, hecan infor about details of goods sent, rate per units, & total cost. of the . The invoicemay expected .
45. DEBIT NOTE: The seller can sent debit note to buyer to collect the under charged amount there may be error in preparing bill & less aount may be stated i it.
46. CREDIT NOTE: The seller can isssue credit note to the buyer for crediting his amount due to over charged .The seller can over charged the costumes due to an errer.
47. COMMERECE: Comerece means trade & anything that helps to diastributes or to bring the goodsfrom the maker to the consumer (user).
Comerece includes all those activities the help of which finished goods comes to the user . Those activities includes bank communication ,purchaseof raw marerial , insurance ,stock & advertisments.
48. PARTNERSHIP DEED: The partnership deed contained the terms & condition relating to the partner ship business it is an agreement among perons to carry on the business of partnership .An agreements may be oral & in wriiting.
49. MEMORENDUM OF ASSOCIATION: The memorendum of association is the charter of the company .It is documents which regulate a campany external activities & constitution which must be drawnup the formalities of the company. it is an official documents setting out the details of a company existance.
50. ARTICALS OF ASSOCIATION: The articals of association by loss of the company these are the rules to manage a internal affairs of a compamy, & to a achieve objectives stated in memorendum .The articals regulates the rights of share-holders of the company is allowed to frame its own artical .A model set of 85 articals is given in able :A: in the company ordinance 1984.

TERMINOLOGY OF MARKET REPORT).

SPECIAL TERMS USED IN MARKET REPORT
(TERMINOLOGY OF MARKET REPORT).

31. NATURE OF BUSINESS: Indicates the terms and condition of the delivery of goods bought or sold. Whenever the goods bought or sold are to be delivered within a few hours or days it is salled Ready Deliery "spot delivery .
32. ARDOUR OF THE MARKET: It indicates the tone or state of the market.
33. BUOYANCY OF THE MARKET: It implies the better tone of the market with increasing tendency of prices.
34. SUBDUED NOTES: It indicates that the delivery of the market is downward.
35. GIVE AWAY: Falling or decreasing price.
36. LAME DUCK OF THE MARKET: The goods which suffered most because of a fall in price. These may be due to much bear apeculation.
37. COUNTERS OF ISSUE: It means all kinds of shares issued by the jiont stock company and these are listed in the stock exchange as fairly good.
38. PEGGLING :When the rate is artificially maintained at certain level mainly by manipulation of price .
39. CLOGGING: It is a situation, when when the market is situated with surplus funds which obstruct the normal operation of business.
40. STRADING: When the market operation take advantages of abnormal differences in the rate of different clASSES. of bils in the same markets, and cary on arbitrage operation by selling one kinds of bills to buy another kinds of bills.

TERMINOLOGY OF MARKET REPORT

SPECIAL TERMS USED IN MARKET REPORT
(TERMINOLOGY OF MARKET REPORT)

21. BOOOM: A period of having business and rising price.
22. LEASING: The owner can lease out assset the owner is a leasser & costumer is called leasee.The leasing company are being formed for leasing assets. The rent is collected in stallments after expiry of the time period assets are purchase or return to leaser.
23. MIDDLEMAN: Thw middleman is a person who performed most marketing functions in the channel of distribution & bridges the gaps b/w producer &consumer.
Middleman is an independant business firm which stands b/w the producers & the ultimate consumers.
24, AUCTIONEER: The auctioner are agents who sell goods of people for a commision. The auctioner act upon the instruction of the owners .They do not accept the offer below the minimum fixed price.
25. UNDER WRITTING: The underwritting provide guaranteeto company management for sell of shares.The bank investement company's & other individualls can do the work of an under writting.
26. BILL OF LANDING: The bill of landing is receipt by issued by a shippeing company to export or his agent for shipment of goods for boat it is prepaid in the set by the export the detail may include name of ship. port of landing ,port of distinguished ,nature of goods, & undertaking to delivery the goods.
27. VOLUME OF BUSINESS: Whenever little business is done in a market for a specified,the following terms can be describe it. IN CASE of heavy business , the term are brisk, broad, scale,.
28. SHADES: It means a little rise or fall in the priceswith narrow margin.
29.EASY: It indicates decreasaing pricesor low prices prevailing in the market.
30. REACTION TO OR FROM: A fall in price from the highest level and hence shows a downward trend of price.

TERMINOLOGY OF MARKET REPORT)

SPECIAL TERMS USED IN MARKET REPORT
(TERMINOLOGY OF MARKET REPORT)

11. HAGGLING: IT is the practise of bargaining over the prices in which offers & counter offer are made at the time business transaction
12 GLUT:An excessive supply of any commodities is known as Glut. This is a condition when more goods are supple in the market that they can be sold at the reasonable price.
13. MARKET PRICE: Market price is the price which is actually paid in current market dealing.It indicate the price to every unit of commodity in which traders are dealings.
14. MARKET VALUE: Market value is the price of a certain commodities which the dealor is expects to get in the market. The market value is to be distinguish from the normal value.
15. OFF TAKE: (BARTER TRADE)_IT is a term which indicates the quantity of goods purchase on exchange in particaular period it includes both ready in future delivery.
16. TURNOVER: The turn means total amount of trnsaction done any day, or in a particular period in the market. This term also includes total sales of term of amount & quantity of goods.
17 RIGGLING: In a market whenever a number of bulls organized themselves & try to controlled market by boges transaction in order to manuplate the prices of commodities in their favour it is called Riggling.
18. TENDENCY: It implies the movement of prices due to the effect of demand & supply of the commodities whenthe bulls are active the demand will increase & the prices will raises . This may be expresssed by these term market rising .
19. SET BACK: If the market certainly experiences the effect of low prices in the form of certain fall in the volume of transaction it happenes usually after a good business.
20. FLAT: IT INDICATES THE VERY LOW PRICES of comodities in the market.

(TERMINOLOGY OF MARKET REPORT)

SPECIAL TERMS USED IN MARKET REPORT
(TERMINOLOGY OF MARKET REPORT)


THE ART OF WRITING MARKET REPORT IS HIGHLY SPECIALIZED. THE SECRET OF WRITING A GOOD MARKET REPORT LIES IN THE APPROPIATE USE OF MARKET TERMINOLOGY.

1. ARBITRAGE:Different prices may exist in different markets for the same commodity at the same time.In that case some dealers may transact business simuttance usly in all the market. The object of doing so is to make some profit by the different in prices. This kindsof transaction is called arbitrage.
2.ARRIvALS:Fresh stocks of commodities that are brought to the market in a given period are called arrivals. A market may open some of previous stocks brought forward on particulars day a arrivals. are the new stocks reaching the market on the same day arrivals are quoted in market reports in order to show the increase in the supply of goods.
3. BEAR:Bear are business operation who sales at present when the prices is high & buys in future when the prices falls thus the different makes is profit.
4. BEARISH:The market called is bearish when there is general expection of falls in prices in future the prices level falls down as a result of sentiments.
5.bull:A bull is just opposite to the bear he buyes & present the prices is low & sells in the future when the prices raises-up & thus making a profit out of the balance.
6.BULISH: The market is called bulish when there is general expection of raises goods with the hope of making profit selling then in a high rates in future.
7.BULL CAMPAIGN: When the bull operators find that their calculation have proved wrong and the expected prices do not rise up or they fall,they try to influence the market by spreadind rumours. They do so through agents or in other ways. Thus the market may have a bullish sintement and the bulls may make profits. This act of the bull in order to rise the price trend by spreading rumours is called Bull Campaign.
8. DUMPING: When a country tries to captures the market of foreign country. throught a several compitition as aresult of which prices of commodities are sold much below the market of current price.
9. EX-FACTORY (EX-WAREHOUSE): IT means that the delivery of goods is to take place at the sellors factory.
10. EX- SHIP:If the delivery is taken by the buyer at the talk after payings all cost the prices is called EX- SHIP.

BUSINESS COMMUNICATION / chapter no.24 (THE PART OF SPEECH) (267-275)

chapter no.24 (THE PART OF SPEECH) (267-275)
CHAPTER NO. 25 (CORRECTION OF WRONG SENTENCES) (276-291)
PAGE NO. 293-263
ESSAY 264-377

BUSINESS COMMUNICATION /chapter no.6 (THE ORDER LETTER)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no.6 (THE ORDER LETTER)



DETAIL REQUIRED IN ORDER LETTER
1. Name of the goods order
2. Quality
3.Quantity
4.Size, colour, Brand, Design, Style
5. Time of deliery
6. Mode of trnsport
7.Method of payment
8.Instruction about packing insurance
(custom duty)
*PAGE NO. 6 TO 69)

DEFECTIVE ORDER (71-72)
REFUSAL ORDER (73-74)
ACKNOWLEDGE THE ORDER (70)

BUSINESS COMMUNICATION /chapter no.12 (APPLICATION OR THE EMPLOYMENT LETTER)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no.12 (APPLICATION OR THE EMPLOYMENT LETTER)

PLAN OF THE APPLICATION
1.Opening paragragh
2.Education
3. Experience
4. Personal Detail
5. Reference if required
6. Closing paragraph

BUSINESS COMMUNICATION chapter no.11 (BUSINESS PROMOTION LETTER)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no.11 (BUSINESS PROMOTION LETTER)

PAGE 129 TO 131 OF BOOK

BUSINESS COMMUNICATION ;chapter no.10 (THE SALES LETTER)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no.10 (THE SALES LETTER)

1. STUDY THE PRODUCT
2.STUDY THEMARKET


1. Atraction of S/L
2. Creating the reader's attention
3. Convencing the reador
4. Stimulating action




note: page no. 116 to 127 of book.

BUSINESS COMMUNICATION , ,chapter no.9 (THE CREDIT LETTER)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no.9 (THE CREDIT LETTER)

CREDIT LETTER= CREDIT HAS been defined as a promise of future payment .IN cash or in a kind given in echange for goods or services. Credit is instruments which enable, manufactured, produsers ,reatilor. & consumer. to obtained goods .When ready cash is not available in some exception all business firms buy or sell on credit.

kinds of c/L
1. Those asking for credit information
2.those guarntee credit in whole or in part
3. Those refusing credit
4. those seeking a line of credit



note: page no. 105 to 114 of book

BUSINESS COMMUNICATION .chapter no.8 (THE COLLECTIN LETTER) (dunning letter)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no.8 (THE COLLECTIN LETTER) (dunning letter)


PURPOSE OF C/L

1. collecting the money
2.retaining the costumer
3.building goodill


collection (dunnig) letter= If every one pay his bills protly (quickly) then their would be no letter of collection but unfortunatily people buying more then they should & so they get bills which the can not immediately pay the result is that they received letter of collectinous. these letters return by business man to their costumer for collecting over due unpaid accounta are calledcollection or dunning letter.
in the letter there are 3 reminder



note page no. 91 to 103 of book

BUSINESS COMMUNICATION / chapter no.7 (COMPLAINT AND ADJUSTMENT LETTER)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no.7 (COMPLAINT AND ADJUSTMENT LETTER)

COMPLAINT LETTER (claim)= In business variety of mistakes comitted in routin transaction the shipment /consigment may be sent incompletely the goods may be damage and misunderstanding may arises over bills. The letter return to bring these errer or mistake to the attention of company are called letter of complaint or claim letter.


principle of making complaint
1.Explain . carefully and tactfully what is wrong.
2. Include any details to identify your claim
e.g Date .order no.
3. Indicate the loss o incolvenince you hae suffe.
4.Explian what you believe the company should do about your claim.
5. Avoid negatie words.


note: page no. 77 to 89 of book

BUSINESS COMMUNICATION / chapter no 5 (inquaries and replies to inquiries)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no 5 (inquaries and replies to inquiries)


1. seeking information
2. giving inforation
3.refuse
4.inquiry of sale

note: page no. 52 to 64 of book)

BUSINESS COMMUNICATION / chapter no. 4 (form of style of business letters)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no. 4 (form of style of business letters)

essentials part of business letters

1. heading (name, addres of the sender)
2.date (1st jan 2010)
3. inside address (name .address of receiver)
4.salutation (r/sir ,dear sir)
5. body (message)
6. complimentary close (your's sincerly, truly, faithful etc.)
7. signature
8. name
9. designation

note page no. 36 to 41 of book)

format and style s of letter

1.block form (49)
2.sami (modofied) form (48)
3. full block form (50)

note look page no. 42-43-44-45

BUSINESS COMMUNICATION / chapter no. 3 (language of letters)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

chapter no. 3 (language of letters)


·
· the opening sentences of business letter
· the closing sentences of business letter
· the word we use of business letter
· words and phrases commonly misused of business letter

Q. tone of business letter
Q.business promoting tone of letter
1.corteous approach
2.positiveness
3.addission of mistake
Q.tact

note: page no. 13to35 of book)

BUSINESS COMMUNICATION / CHAPTER NO. 2 (THE ART OF WRITING EFFECTIVE BUSINESS LETTERS)

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman)

CHAPTER NO. 2 (THE ART OF WRITING EFFECTIVE BUSINESS LETTERS)

7 c's / 7 qualities

1. CLARITY
2. CORRECTNESS (date /figure/ spellings )
3. COMPLETNESS ( 7 essentials part of business letter)
4. CONSISNESS (to the point)
5. COURTESY (respected sir / i thankful / )
6. COHERENT (relation ship in sentences/ paragraph)
7. CRAT A FAVOURABLE IMPRESSION (use best quality paper)

note: page no.5 to 12 of book

BUSINESS COMMUNICATION /CHAPTER NO. 1 BUSINESS COMMUNICATION

EFFECTIVE BUSINESS COMMUNICATION & REPORT WRITING
(Prof sh. Ataur Rehman

CHAPTER NO. 1 BUSINESS COMMUNICATION
Q: What is comunication & comunication process?
Communication:Two person are in comunication when they correspond, telephone, & talk ,meets with each other. comunication talkes place when the message received by the other person .if it not received so their fore no communication has taken place.
comunication process
Model no. 1

SENDER---MSG---RECEIVER

This model shows the sender and receiver in different but both are equally important for the process. sender is important for sending a msg and receiver is important for receiving a msg .this model does not fully explain the interaction between sender and receiver.
Model no. 2

SENDER---MSG---RECEIVER
(feed back/ response)

Model 2 is an advanced bcoz it is response oriented this means that the msg sent by the sender bring back a response or feed back from the receiver. the response can shows success of the communication process.
MODEL NO. 3

SENDER-----------RECEIVER
(barriers/ problem)

In which model 2 was response oriented. However the fact that msg was sent and received and the receiver also sent back a reply does not means that the msg was received or understood exactly. it was sent the receiver mind have misunderstood the whole or a part of the msg or ho might have read different meaning in it ,so there is a changed that communcation barrier or problems ay exsist in the comunication process.