Business

Sony annual net profit slumps, warns of tough year

Sony said on Wednesday its annual net profit tumbled 36.5 percent on lower revenue from games and electronics products, and warned of a tough year because of the coronavirus pandemic.

Automotive

China auto sales fall in April but loss narrows

China's auto sales declined again in April but losses narrowed in a sign the industry's biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls, according to an industry group.

Automotive

Virus lockdowns send European car sales down 55%

European automobile sales fell by 55 percent last month due to the coronavirus outbreak as lockdown measures went into effect in most nations, the industry's trade association said Friday.

Automotive

China auto sales sink 48.4% in March as virus hurts demand

China's auto sales sank 48.4% in March from a year ago as the economy reeled from the coronavirus, according to an industry group, adding to strains for the struggling industry in its biggest global market.

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Sales

A sale is the pinnacle activity involved in selling products or services in return for money or other compensation. It is an act of completion of a commercial activity.

A sale is completed by the seller, the owner of the goods. It starts with consent (or agreement) to an acquisition or appropriation or request followed by the passing of title (property or ownership) in the item and the application and due settlement of a price, the obligation for which arises due to the seller's requirement to pass ownership, being a price the seller is happy to part with ownership of or any claim upon the item. The purchaser, though a party to the sale, does not execute the sale, only the seller does that. To be precise the sale completes prior to the payment and gives rise to the obligation of payment. If the seller completes the first two above stages (consent and passing ownership) of the sale prior to settlement of the price the sale is still valid and gives rise to an obligation to pay.

This text uses material from Wikipedia, licensed under CC BY-SA