business

A business (also known as enterprise or firm) is an organization involved in [1] the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.23 The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work

Dealer
Definition A person or business firm acting as a middleman to facilitate distribution of securities or goods. Typically, a dealer buys for his or her own account and sells to a customer from the dealer's inventory. Thus a dealer acts as a principal rather than as an agent. The dealer's profit or loss is the difference between the price he pays and the price he receives for the same security or goods. The same individual or company may, at different times, function as a dealer or as a broker, who buys and sells for his clients' accounts.

goods Definition Products, or more specifically, products that economists feel satisfies a market need.

1.

Commerce: An inherently useful and relatively scarce tangible item (article, commodity, material, merchandise, supply, war es) produced from agricultural, construction, manufacturing, or mining activities. According to the UN Convention On Contract For The International Sale Of Goods, the term 'good' does not include (1) items bought for personal use, (2) items bought at an auction or foreclosure sale, (3) aircraft or oceangoing vessels.

2. Economics: A commodity, or a physical, tangible item that satisfies some human want or need, or something that people find useful or desirable and make an effort to acquire it. Goods that are scarce (are in limited supply in relation to demand) are called economic goods, whereas those whose supply is unlimited and that require neither payment nor effort to acquire, (such as air) are called free goods.'

Definition of 'Purchase Price'

The price that an investor pays for a security. This price is important as it is the main component in calculating the returns achieved by the investor.

Essentially, it can be thought of as the price that is paid for anything that is bought.

Investopedia explains 'Purchase Price'

For example, if an investor buys Ford stock at $15, then this would be the purchase price. When looking at the return on the investment, the investor would compare the purchase price of $15 to the price the investment was sold at or the current market price for Ford. Purchase price can also refer to the price that a company pays for an item, such as another company. For example, if Ford bought Kia for $3.5 billion, this would be Ford's purchase price.

sale
Definition
Contract involving transfer of the possession and ownership (title) of a good or property, or the entitlement to a service, in exchange for money or value. Essential elements that must be present in a valid sale are (1) competence of both the buyer and seller to enter into a contract, (2) mutual agreement on the terms of exchange, (3) a thing capable of being transferred, and (4) a consideration in money (or its equivalent) paid or promised. See also sales

SALE PRICE
The definition of sale u/s. 2(24) is reproduced here :

sale means a sale of goods made within the State for cash or deferred payment or other valuable consideration but does not include a mortgage, hypothecation, charge or pledge; and the words sell, buy and purchase, with all their grammatical variations and cognate expressions, shall be construed accordingly; Explanation For the purposes of this clause, a) a sale within the State includesa sale determined to be inside the State in accordance with the principles formulated in section 4 of the Central Sales Tax Act, 1956; b) (i) the transfer of property in any goods, otherwise than in pursu-ance of a contract for cash, deferred payment or other valuable consideration; (ii) the transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract namely, an agreement for carrying out for cash, deferred payment or other valuable consideration, the building, construction, manufac-ture, processing, fabrication, erection, installation, fitting out, improvement, modification, repair or commissioning of any movable or immovable property;

service Definition A type of economic activity that is intangible, is not stored and does not result in ownership. A service is consumed at the point of sale. Services are one of the two key components of economics, the other being goods. Examples of services include the transfer of goods, such as the postal service delivering mail, and the use of expertise or experience, such as aperson visiting a doctor.

Sometimes services are difficult to identify because they are closely associated with a good; such as the combination of a diagnosis with the administration of a medicine. No transfer of possession or ownership takes place when services are sold, and they (1) cannot be stored or transported, (2) are instantly perishable, and (3) come into existence at the time they are bought and consumed. See also service.
esale value Definition The trade value of a good that has already been purchased. If the holder of the good wishes to resell the good to another party, this would be the amount of money that could be expected to be made from the transaction.

BUSINESS SHORT NOTE

The concept of strategy in business has been borrowed from military science and sports where it implies out-maneuvering the opponent. The term 'strategy' began to be used in business with increase in competition and complexity of operations. A businessman has to mod iffy his plans and actions in the light of the moves made by his competitors. Every business has a strategy, whether expressed or implied. A strategy may be defined as gamesmanship or an administrative course of action designed to achieve success in the face of difficulties. It is the grand design or an overall plan which a company chooses in order to move or reach the mission and objectives. It seeks to provide ad optimum match between the friend its environment. It is a plan prepared for unpredictable contingencies on the basis of anticipated behavior of others. "Strategy is the complex plan for bringing the organization from a given posture to a desired position in a future period of time". ''As an overall plan, "strategy is the pattern of objectives, purposes or goals and major policies and plans for achieving these goals stated in such a way as to define what business is in or to be in and the kind of company it is to-be.

SALES
The definition of sale u/s. 2(24) is reproduced here : sale means a sale of goods made within the State for cash or deferred payment or other valuable consideration but does not include a mortgage, hypothecation, charge or pledge; and the words sell, buy and purchase, with all their grammatical variations and cognate expressions, shall be construed accordingly; Explanation For the purposes of this clause, a) a sale within the State includesa sale determined to be inside the State in accordance with the principles formulated in section 4 of the Central Sales Tax Act, 1956; b) (i) the transfer of property in any goods, otherwise than in pursu-ance of a contract for cash, deferred payment or other valuable consideration; (ii) the transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract namely, an agreement for carrying out for cash, deferred payment or other valuable consideration, the building, construction, manufac-ture, processing, fabrication, erection, installation, fitting out, improvement, modification, repair or commissioning of any movable or immovable property; (iii) a delivery of goods on hire-purchase or any system of payment by instalments;

(iv) the transfer of the right to use any goods for any purpose [whether or not for a specified period] for cash, deferred payment or other valuable consideration; (v) the supply of goods by any association or body of persons incorporated or not to a member thereof for cash, deferred pay-ment or other valuable considera-tion; (vi) the supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink [whether or not intoxicating], where such supply or service is made or given for cash, deferred payment or other valuable consideration;

Dealer
Performing a double role for clients, a broker/dealer takes on both the responsibilities of a broker and a dealer. In their roles as dealers, a broker/dealer will act on the behalf of thebrokerage firm, initiating transactions that involve the firms account. As brokers, the broker/dealer will focus on the needs of clients of the firm, handling transactions that are placed on behalf of client accounts. While functioning on behalf of the firm, the broker/dealer will go about the usual business of buying and selling securities on behalf of the brokerage. This will involve all the usual aspects that are involved with creating transactions. The broker/dealer engages in trades that involve both the buying and selling of various stocks, bond, and other securities. As in all types of financial transactions, the broker/dealer will perform due diligence in investigating the background of an investment opportunity, making sure the investment is in the best interests of the firm, and seek to secure the investment as the best price possible.