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A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services required. Learn about the legal, financial, and practical aspects of POs, as well as their formats and examples.
Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee. The seller/lessor may pass ...
Learn how sales taxes are imposed, calculated, and administered at the state and local levels in the US. Find out which states and territories have sales taxes, what goods and services are taxable, and how they differ from value added taxes.
Learn about the formal process of buying goods and services, from demand or requirements to payment and delivery. Compare different types of purchases, such as personal, mercantile, industrial and institutionalized.
A two-part tariff is a price discrimination technique that combines a lump-sum fee and a per-unit charge. Learn how it works, when it occurs, and see examples of two-part tariffs in different markets.
A blanket order is a purchase order that allows multiple delivery dates over a period of time, often with predetermined pricing. Learn how blanket orders are used in different contexts, such as libraries, maintenance services and federal acquisition, and what challenges they may face.
Teachers Pay Teachers is an online marketplace and an American educational website for buying and selling educator resources. It has over 2.6 million active users, sales exceeding $60 million, and over 300 millionaires among its sellers.
Learn about the history, benefits, and features of procurement software, which is designed to streamline and automate purchasing processes for businesses and organizations. Compare different vendors and systems in the market, such as Oracle, SAP, Coupa, and Ariba.
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