|HOME | ATTORNEYS | DIRECTIONS | CONTACT US ||
McGunagle, Reidy & Hentz, Ltd.
2088 Broad Street, Cranston, RI 02905-3342
PH: 401.941.2088 - FAX: 401.941.0017
A Business Lawyer In New Orlean Business Law And Operation Tips Business Law Attorneys Business Law and Commercial Solicitors Business Law and Law Firm Business Laws Basics Business Laws For Small Businesses Business Laws Unveiled Business Litigation Commercial Law Payment Commercial Loan Modification Success Tips Commercial Refinancing Commercial Transactions Gone Bad Commercial Transactions Money Laundering Company Law Services Company and Business Laws Differences Between Family Solicitors Direct Commercial Funding Review Employment Law Florida Real Estate Lawyers History Of Business Law Degree How Can Attorney Help You How To Choose LLM Business How To Finance YourBusiness How To Get Investment Money How to Make Commercial Transactions Immigration and Business Law Important Facts About Commercial Mortgages Important Points to Know Intercompany Business Transactions And Relationships International Commercial Arbitration - Law Late payments in commercial transactions Laws Surrounding Online Pharmacy Business Legal For Trade Scale Managing Business Law Ntep Scale Assurance Of Quality Role of Commercial Law Firms Salespeople Must Understand the Fundamental Principles Small Business Law and Their Issues Specialists Navigating the Legal Minefields Startup Law 101 The Best Business Law Books The Law Of Attraction The Necessity of Business Law Things You Should Consider Listing US Commercial Mortgage Basics Finance Using Your Slow Paying Invoices Walker Commercial Fundings Experience What Commercial Law Deals With What Constitutes A Breach Of Contract What Is Business Law What Is the Checklist What You Need To Know About Business What You Need to Know Where to Go For Training Why to Have a Trusted Probate Work With The Best Real Estate
Salespeople Must Understand the Fundamental Principles of Commercial TransactionsIt is essential for the salesperson to understand the fundamental principles of commercial transactions. Here is a short discussion on one of those principles. This is the fixed business rule that every fair bargain must benefit both parties.
There is an amazing number of people in the world who imagine that the law of business is that one must make a profit by getting an advantage over others. As a matter of fact, the very opposite is the case. The truth is that those people and companies that are most successful are the ones that are benefit their customers the most; in short, the ones that recognize the fundamental proposition that a fair bargain must benefit both parties. Let us see why this is the case.
Suppose you are in need of a pen. Your business cannot run without something to write with, and you decide to manufacture a pen. You must go to a mine and dig for iron. You must build a furnace in which to heat the iron and unite it with carbon to make steel. You must then, through a hundred processes, reduce your steel to the proper shape and size to use as a pen, and, in this process, use a lot of expensive machinery. Your pen would cost you hundreds of thousands of dollars if you made it yourself.
Yet a manufacturer who makes millions of pens at a time, buys his steel in large quantities, and spends a fortune on expensive machinery and skilled workmen, finds that his pens cost him less than a dollar apiece. When he sells you these pens at two or three dollars each, both you and he have been benefited.
McGunagle, Reidy & Hentz, Ltd.
Did you know how to mine bitcoin? Just read on beaxy.com!
2088 Broad Street
Cranston, RI 02905
401-941-2088 | Fax 401-941-0017