1、L/O/G/OModule 6 purchasing powerPurchasing power the number of goods/services that can be purchased with a unit of currency. For example, if you had taken one dollar to a store in the 1950s, you would have been able to buy a greater number of items than you would today, indicating that you would hav
2、e had a greater purchasing power in the 1950s. Contents1. Online trading 2. Managing suppliers3. A contract to supply 4. Letter writing Online trading What does quality mean to you? Degree of goodness or worth General excellence Where does it come from? According to Peter F. Drucker, quality is not
3、the superiority or degree of the goodness of a product or service. Quality depends largely on how the customer assess the product the use of it and the price etc. Online trading (presentation) Suppose you are setting up an online trading business selling antique jewellery. Figure out the following q
4、uestions: What would be the important factors in making a success? (think about the description and illustration of the goods; delivery; payment; references / feedback; returns policy) How to promote your online store? What are the possible risks?Online trading The act of placing buy/sell orders for
5、 financial securities and/or currencies with the use of a brokerages internet-based proprietary trading platforms. The use of online trading increased dramatically in the mid- to late-90s with the introduction of affordable high-speed computers and internet connections.Stocks, bonds, options, future
6、s and currencies can all be traded online. eBay an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. Founded in 1995, eBay is one of the notable success stories of the dot-com bubble; it is now a multi-billion dollar busi
7、ness with operations localized in over thirty countries.Managing suppliers Vocabulary Supply, deliver, transport, the supply chain order, stock, a defect, faulty, lead-time (from order to delivery)Useful Terms In mint condition (完好无损 ): undamaged as if freshly minted. Lead time (订货至交货的时间 ): the period of time that it takes for goods to be delivered after someone has ordered them. E.g. Lead times on new equipment orders can run as long as three years.
