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Have cash when you need it

Article Abstract:

Photofinishing services must understand that the time elapsed between the sale of their products and when and how the cash from these sales actually comes into the business is key to effective cash flow planning. Cash flow planning, among other things, requires up-to-date projected sales plans, estimates of total cash receipts that are expected to be generated from normal operations, projected cash that will come in from the previous month's credit sales and expected past due account payments.

Financial management, Commercial Photo & Graphic Arts Svcs, Commercial Photography

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Target marketing: one size doesn't fit all

Article Abstract:

People with dual incomes and no children are the ones likely to patronize urban centers, where price points and margins are higher than downtown shopping centers. This category will pursue and enjoy 'urbane experiences,' such as entertainment shopping, entertainment dining and traditional entertainment such as theater, symphony, art galleries and museums. They will also demand deferential treatment plus new, unique and distinctive experiences.

Camera and Photographic Supplies Stores, Camera & Photo Supply Stores, Camera stores

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How to cut inventory - fast!

Article Abstract:

Retail photography stores need to reduce their inventory quickly to reduce superflous expenses. Operators should manage their inventory to determine which items sell quickly. Suppliers sometimes permit their unsold merchandise to be returned by operators. This is also applicable to defective products. Operators must consider ways to reduce their internal processing time. Other retail operators may also agree to absorb surplus inventory from operators. Operators can match inventoried merchandise with new products to hasten sales. Customers can also overlook valuable purchases if these are not arranged appealingly in the store. Operators should motivate their employees to help. Retail operators have to conduct markdowns prior to sales peak. Tax deductions can also help operators.

General services, Research Findings, Radio, TV, Music, Electronics Stores, Consumer Attitudes, Photographic Equip & Supplies Whsle, Photographic Equipment and Supplies Wholesalers, Wholesale trade, Photographic equipment, Article

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