COMMISSIONING SALE Meaning and
Definition
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Commissioning sale refers to a type of business transaction where the sale of goods or services is carried out by a commissioned agent or representative. It involves the process of engaging and compensating an individual or firm to act as an intermediary between the seller and buyer.
In a commissioning sale, the commission agent works on behalf of the seller to promote, market, and sell their products or services. The agent earns a commission, which is a predetermined percentage of the total value of the sale, for their efforts. This method of selling is commonly used in industries such as real estate, art, insurance, and various other sectors where the involvement of a commission agent helps in reaching out to customers effectively.
The commissioning sale process typically involves several stages, including prospecting potential buyers, negotiating deals, arranging contracts, and facilitating the completion of the sale. The commission agent acts as a liaison and facilitator in order to ensure a smooth transaction between the parties involved. Their role may also extend to providing after-sales support and addressing any customer concerns or queries.
Commissioning sales can be beneficial for sellers who do not have the requisite resources, time, or expertise to directly engage with potential buyers. It offers a cost-effective and efficient way of expanding their market reach and increasing sales. Similarly, buyers can benefit from the expertise and guidance provided by commission agents, leading to a better understanding of the product or service they are purchasing.
Overall, commissioning sales play an essential role in facilitating trade and commerce by connecting sellers with interested buyers and ensuring a mutually beneficial transaction for all parties involved.
Common Misspellings for COMMISSIONING SALE
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Etymology of COMMISSIONING SALE
The word "commissioning" in the context of a sale refers to the act of hiring someone, usually an agent or a salesperson, to carry out a task and earn a commission on successful sales. The word "sale" refers to the act of exchanging goods or services for money.
The etymology of the word "commission" originates from the Latin word "commissio", which means "an entrusting, putting into one's charge". It is derived from the verb "committere", which means "to commit, entrust". In the Middle Ages, it took on the sense of granting authority or a task to someone, usually in a military or legal context.
The term "commissioning sale" has evolved from this concept, indicating a sale in which a salesperson is entrusted with the task of selling goods on behalf of a seller or organization.
