Trade and income statement

Trade Account

As already mentioned, the first part of the trading and income statement is called trading account. The purpose of preparing trading accounts is to find gross profit or gross loss, while in the second section it is to determine net income or net loss.

Trade Account Preparation

Trading accounts are prepared mainly to know the profitability of goods purchased (or manufactured) sold by the businessman. The difference between the selling price and the cost of sold goods is the 5 serving businessman. In order to calculate gross earnings, it is therefore necessary to know:

(a) the cost of goods sold.

(b) sale.

The total sales can be found from the sales manager. However, the cost of goods sold is calculated. In order to calculate the sales costs, it is necessary to know its meaning. "Cost" includes the purchase price of the item plus the cost of purchasing goods and burns the goods to the place of business. In order to calculate the cost of the goods, "we should deduct the total cost of commodity purchased price at hand. We can study this phenomenon using the following formula:

Opening stock + purchase price – closed stock = sales cost

As already mentioned, the purpose of This account can be explained by the following equation:

Gross profit = Sales price of items sold or (Sales + Balance) – (In stock in the sales account), you can calculate the gross profit of the company. This can be described as an excess of "Sales" above "Sales. Beginning + Buy + Direct Costs)

Opening Inventory and Purchase with Purchase and Sales Cost Billing (Direct Exp.) records the debtor's page while the sales and final holdings are recorded on the credit side. If the credit side is Jeater than the Debtor side, then the difference is recorded on the debtor side as gross profit which are ultimately recorded on the credit side of the income statement. When they bitor page exceeds the credit side, the difference is gross loss recorded on the credit side and ultimately shown on the debtor side of the income statement.

Common Items on a Trading Account :

A) Debit Page

1. Opening Stock. It is the stock that remained unsold at the end of the year before. It must have been brought into books by opening entry; so it always appears within the test balance. In general, it is shown as the first item on the billing page of the trade account. Of course, in the first year of a company there will be no open stock.

2nd Purchase. This is usually another item on the debit side of the trading account. "Buy" means total purchase, ie. cash plus credit purchases. Any return return (purchase return) must be deducted from purchase to find out the net purchases. Sometimes goods are received before the supplier's relevant invoice. In such a situation, at the date of preparation of the final account, a post should be entered for debit of the purchase account and crediting the supplier's account with cost of goods.

3rd Purchase Expenses. All costs associated with the purchase of goods are also charged on the trading account. These include salaries, freight inland freight, customs duties, clearing charges, port charges, excise duties, patents and import taxes etc.

4th Manufacturing Expenses. Such expenses are borne by businessmen to manufacture or make the goods in a marketable condition, for example. Engine power, petrol fuel, stores, royalties, factory expenses, managers and supervisor's salary etc.

Although production costs are strictly included in the manufacturing accounts, as we only prepare trading accounts, expenses of this type can also be included in the trading account.

(B) Credit Page

1. Sales. Sales means total sales, ie. cash plus credit sales. If there is a sales return, these should be deducted from sales. Then net sales are credited to trading account. If an asset in the company is sold, it should not be included in the sale.

2nd Connect portfolio. It is the value of shares that are unsold in the city or store at the last date of the accounting period. Normally closing stocks are given outside the trial balance, in which case it appears on the trading page for the credit account. However, if it is given within the trial balance, it should not appear on the account of the trading account, but will only appear in the balance as active. The closing paper should be valued at cost or market price, if it is smaller.

Valuation of closing inventory

In order to determine the value of the closing inventory, it is necessary to compile a complete inventory or list of all the goods in the god's own together with quantities. Based on physical observation, the stock lists are prepared and the value of the total stock is calculated on the basis of unit value. It is thus clear that the inventory involves (i) inventory, (ii) pricing. Each product is priced at cost, unless the market price is lower. Pricing a statement at cost is easy if the costs remain fixed. But prices remain fluctuating; so valuation of shares is performed on the basis of one of many valuation methods.

The trading account creation helps to understand the relationship between cost and revenue and the effectiveness with which operations have been completed. The relationship between gross profit and sales is very important: It has arrived at:

Gross profit X 100 / Sale

Using G.P. Relationship he can figure out how efficiently he runs the business higher relationship, better will be the efficiency.

Trade Account Settlement Notes

In the case of transfers of different accounts relating to goods and purchase costs, the following entries are included:

(i) For opening of inventory: Debt account and credit bond account

(ii) For purchase: Debt account and credit purchase account, where the amount is an amount after deduction of return on investment.

(iii) For Purchase Return: Debit Purchase Purchase Account and Credit Purchase Account.

(iv) For return inward: Debit sales account and credit sales return account

(v) For direct costs: Debit trading account and credit direct expenses accounts individually.

(vi) For sale: Debit sales account and credit trading account. We find that all accounts as mentioned above will be closed with the exception of trading account

(vii) To close stock: Debit account and credit trading account After the above entry, the trade balance and the deviation of two pages are stated. If the credit page is more, the result is gross profit for which the following item is registered.

(viii) For gross profit: Debt account and credit profit and loss account If the result is gross loss, the above item is reversed. [19659003] Profit and loss account

The profit and loss account is opened by registering gross profit (on credit) or gross loss (debit page).

In order to earn a net profit, a businessman also has to incur many more costs for direct costs. These expenses are deducted from profits (or added to gross losses). The result will be net income or net loss.

The expenses recognized in the income statement are recognized as "indirect costs". These are classified as follows:

Sales and Distribution Costs .

These consist of the following expenses:

a) Salaries and commissions of sales members

b) Commission for agents

) Freight and transport on sale

(d) Revenue tax

e) Debt

] f) Advertising

g) Packaging Costs

(h) Export Customs

Administrative Expenses


These include:

a) Office Salaries and Salaries

(b) Insurance

(c) Legal Expenses

(d) Trade Expenses

and Taxes

(f) Auditing Fees

] (g) Insurance

(h) Rent

(i) Printing and Stationery

(j) Postage and Telegrams

Financial Costs

These include:

Rabat allowed

(b) Interest on capital

(c) Interest on loans

(d) Discounted bills discounted

] Maintenance, depreciation and provisions, etc.


These include the following expenses

(a) Repairs

(b) Depreciation of assets

(c) Receivables or reserves for doubtful receivables


Together with the above-mentioned indirect costs, the debtors side of the income statement also consists of various business losses.

On the credit side of the income statement are the registered items:

(a) Discount received

b) The Commission received

c) Rental received

d) Interest received

e) Revenue from Investments

f) Profits on Assets Sales

g) Repayment Amount

(h) Dividend Received

(i) Employee Premium, etc.

Source by Anil Kumar Gupta

Four reasons why recognized auto insurance companies are important

It does not matter where you live; Unless you are one of the lucky few, the odds are that you have to drive somewhere at least a couple of times a week. That said, you probably also know the dangers that can accompany every trip away from your home. From distracted motorists to road fares, there is no end to the problems that motorists face. Finding the right car insurance provider can make a huge difference in the amount of concern that drivers had to meet. While there are many different reasons for finding a reputable provider, four main reasons are really at the forefront.

Cause 1 – Cover Reliability

A reputable car insurance provider always ensures your coverage is there when you need it. Discount providers can not always advise their customers about any pending insurance policies. Imagine getting into an accident just to find out that your insurance policy was no longer valid and you had not been notified. Although this may sound like a bad dream, it has happened to many individuals countless times before.

Cause 2 – Fixed Price

A reputable car insurance provider will notify you in advance of any pending promotions. Unsurpassed providers can not let you know before you get your next bill. There is nothing like the surprise to find out that your insurance premiums or expenses have risen exponentially without prior notice.

Cause 3 – Willingness to Claim Claims

Recognized car insurance companies will never hesitate when it comes to paying legal requirements. Smaller companies can try to beam when it comes to taking care of them. Disproportionate insurance companies can try to pull their feet in hopes of avoiding paying demands by letting you bear the full burden.

Cause 4 – Customer Care Addiction

One of the most important areas where a reputable car insurance company can excel is customer service. Although there may be times when waiting time is required, the sign of a truly outstanding company is the ability to still ensure good customer service even with frustrated customers. Recognized car insurance companies will typically have excellent customer service skills. These skills will leave you willing to continue doing business with them over and over again.

Although there are an infinite number of reasons for finding a reputable insurance company is so important, the four preceding stand out from the rest. Remember to find the perfect car insurance provider does not have to be a task. Just know what to look for.

Source by Norman K Clay

The perfect family vacation on a tropical Thai beach

In the last couple of years my wife and children have searched high and low for the perfect holiday destination, which has something for the whole family to keep everyone fully entertained, while offering peace, tranquility and the right environment to be able to immerse yourself, totally relax and go off the treadmill to say. We have been to some very good places during our search, but in all the experiences we have had, each one or more of the most important ingredients we all agreed to be absolutely necessary for us to be completely satisfied and content. But we have just returned from our recent family vacation and finally we are happy to report that we have found the perfect family holiday (if your family is enjoying a beach holiday) and we wanted to share our meeting with all of you who take the time to read this post.

The location

The place we found there has something to keep us all entertained and happy was a reliable unspoilt 20km stretch of sandy beaches on the Andaman coast with a tropical jungle background. The region is called Khao Lak, and it is about an hour's drive from Phuket International Airport, and within Khao Lak there are 3 main tourist spots. Bang La On, Khuk Khak & Bang Niang. Khao Lak literally means Lak Mountain, and there is a nature reserve on the mountain that makes for one of the local attractions that we thoroughly enjoyed during our nature walks and guided jungle tours. Each of the three places is fairly quiet and has accommodations right from the height of luxury all the way to backpackers spots to offer something for all budgets and make this cozy, beautiful location in Thailand accessible to all to experience. In fact, if you like the quieter side of things while on vacation, Khao Lak is not just a place that is perfect as a family holiday but also for anyone who wants to relax and unwind in nature and In my opinion, it is the ideal honeymoon location, as there are many attractions that are impressive and interesting, while not too flashy and intrusive. If you want to go and Khao Lak at a particularly quiet time of year, I would recommend going in low season months, which are from April to November.

The Accommodation

As I mentioned earlier in this post; There are homes that suit all budgets and meet most tastes and requirements in a place to lay their heads on. We chose to rent a villa in a resort as we know from experience that this will make our lives easier with their staff at all during most hours to support us with what we needed. Also we like the privacy you get with a villa while you still have a resort swimming pool, bar, restaurant and in this special case – a kids club that suits us perfectly. So during the days we could let the kids enjoy what the Kids Club had organized for that day while my wife and I wanted to go out on our scooter or on a guided tour to explore the nearby attractions and places of interest – which one are many. The villa also had a fantastic sea view of the beach, which according to local people had the best, most beautiful sunset in the province. The beach is your ideal, soft sandy beach, and the seawater is hot and as clear as possible. In fact, it's deep to dive in this area, as there is plenty of sea life and many interesting things to see. So if you enjoy diving, make sure to book some fun dive when you visit Khao Lak.

Source by Simon J. Parsons

Travel to big cities: Car rental

When you travel to an area, you may find that renting a car is the thing to do. It makes sense since you have a car after a flight is the best way to get around, since you do not have to rely on public transport or friends and family to take you anywhere. But there are a few things to keep in mind when booking a car rental in any major city. To start with, if you want the best rate, you should order online. In addition, consider using a car for rental website that goes through all the options and gives you the best rate if you want the best possible price.

Secondly, another aspect is to keep an eye on the hidden fees. Many times, these car rental companies will charge additional fees for a larger car or they may charge fees like them to use the car for a certain number of miles, etc. Once again, car hire car hire is useful. These companies allow for all the expenses that you will be charged to be in advance. It's a good mind when you rent a car in the way you have no future surprises as owed hundreds of dollars more than you had planned when you first left your car back after your trip

Another aspect to remember is to find a car rental company that allows you to deliver and pick up in different locations. It's much harder than most people realize, as many companies require you to drop in the same place where you picked up the car. This is a major disadvantage for many people, as the collection site could be a place where they simply cross the road to another city. Therefore, the car to the rental companies is the best companies to go to, simply because they allow you to deliver on any of their locations. And these places are in all major cities, usually located at airports. Which means that this is very convenient for those who rent cars.

Always remember to go with a company that is great for you to join. But with so many people who finally discover a car for rental companies, their reputation only grows, so you can feel comfortable in hiring with this company.

Source by Pramod Dadhich

Car Rental Industry

Market Review

The car rental industry is a multi-billion dollar sector in the US economy. The US segment of the industry is on average about 18.5 billion. Dollars on sale each year. Today there are approximately. 1.9 million rental cars serving the US segment of the market. In addition, there are many rental agencies along industry leaders who break up total revenue, sometimes Dollar Thrifty, Budget and Vanguard. Unlike other mature service companies, the rental car industry is heavily consolidated, which naturally puts potential new customers at risk as they face high input costs with reduced likelihood of economies of scale. In addition, most of the profits are generated by a few companies, including Enterprise, Hertz and Avis. For the 2004 financial year, Enterprise generated 7.4 billion. Dollars in total revenue. Hertz came in second position with around 5.2 billion. Dollars and Newspaper with $ 2.97 in revenue.

Integration Level

The car industry is facing a completely different environment than it did five years ago. According to Business Travel News, vehicles are rented until they have accrued 20,000 to 30,000 miles until they are referred to the used automotive industry, while the revolutions were 12,000 to 15,000 miles five years ago. Due to the slow growth in industry and the narrow earnings margin, there is no imminent threat to backward integration within the industry. In fact, only the industry players, Hertz, are integrated vertically through Ford.

Competitiveness Range

There are many factors that shape the competitive landscape of the car rental industry. Competition comes from two main sources through the chain. At the end of the holiday consumer end of the spectrum, competition is hard not only because the market is organized and well-guarded by industry leader Enterprise, but competitors operate with a minor disadvantage along with smaller market shares as Enterprise has established a network of retailers over 90 percent of the leisure segment. In the business segment, competition is very strong at airports, as this segment is under strict control of Hertz. Because the industry has undergone a massive economic downturn in recent years, it has upgraded the scale of competition within most of the companies that survived. Competitively, the rental car industry is a war zone like most rental companies, including Enterprise, Hertz and Avis, among the major players involved in a battle of the hardest.


Over the past five years, most companies have worked to strengthen their fleet sizes and increase profitability. The company currently has the largest fleet in the US, adding 75,000 cars to its fleet since 2002, which contributes to increasing the number of facilities to 170 at airports. Hertz, on the other hand, has added 25,000 vehicles and expanded its international presence in 150 counties, as opposed to 140 in 2002. In addition, Avis has increased its fleet from 210,000 in 2002 to 220,000 in spite of recent economic opposites. Over the years after the economic downturn, although most companies throughout the industry fought, Enterprise among industry leaders had grown steadily. For example, annual sales reached $ 6.3 in 2001, $ 6.5 in 2002, $ 6.9 in 2003 and $ 7.4 billion in 2004, which means growth of 7.2 percent per year over the last four years . Since 2002, the industry has begun to regain its feet in the sector, with total sales growing from 17.9 billion. Dollar to 18.2 billion. USD in 2003. According to industry analysts, the best days in the rental car industry have not yet come. Over the next several years, industry is expected to experience accelerated growth of 20.89 billion. USD each year after 2008, "which corresponds to a CAGR of 2.7% [increase] in the period 2003-2008."


In the last couple of years, the rental car industry has made a significant contribution to facilitating the distribution processes. Today there are approximately. 19,000 rental locations, providing about 1.9 million rental cars in the United States. Due to the increasing number of car rental locations in the United States, strategic and tactical approaches are taken into account to ensure proper distribution throughout the industry. Distribution takes place within two interlinked segments. In the commercial market, the cars are distributed to airports and hotel environments. In the leisure segment, the cars are distributed at the agency's owned facilities, conveniently located within most major roads and metropolitan areas.

Previously, leasing companies used gut feelings or intuitive guesses to make decisions about how many cars should be in a particular fleet or utilization and performance standards to keep certain cars in a fleet. With the methodology, it was very difficult to maintain a level of balance that would satisfy consumer demand and the desired profitability level. The distribution process is quite simple throughout the industry. Initially, managers must determine the number of cars that will be in stock each day. Because a very noticeable problem occurs when there are too many or not enough cars, most car rental companies, including Hertz, Enterprise and Avis, use a "pool", which is a group of independent rental facilities that share a fleet of vehicles. The pools in place are less efficient, as they reduce the risk of low inventory, if not eliminating rental car shortages.

Market Segmentation

Most companies throughout the chain make a profit based on the type of vehicles rented out. The rental cars are categorized in economy, compact, intermediate, premium and luxury. Among the five categories, the economy gives the most profit. For example, the financial segments account for 37.7 percent of total market turnover in 2004. In addition, the compact segment represented 32.3 percent of total revenue. The rest of the remaining categories cover the remaining 30 percent for the US segment.

Historical wage levels

The overall profitability of the car rental industry has declined in recent years. Over the past five years, industry has fought like the rest of the travel industry. In fact, the US market between 2001 and 2003 has experienced a moderate reduction in profitability. Specifically, revenue fell from 19.4 billion. Dollars in 2000 to 18.2 billion. Dollars in 2001. Thereafter, total industrial income was poured further to 17.9 billion. USD in 2002; an amount that is at least higher than 17.7 billion. dollars, which is the total revenue for 1999. In 2003, the industry hardly experienced a significant increase, earning profits to 18.2 billion. Due to the economic downturn in recent years, some of the smaller players heavily dependent on the aviation industry have done a lot of strategic adjustments as a way to prepare their businesses for dealing with economic economic downturns that can surround the industry. For 2004, the economic situation for most companies has gradually improved through the industry, as most rental companies have returned a far greater profit than in previous years. For example, Enterprise realized revenue of 7.4 billion. Hertz returned revenues of 5.2 billion. Dollars and Newspaper with 2.9 billion. Dollars in revenue for the financial year 2004. According to industry analysts, the rental car industry is expected to experience stable growth of 2.6 percent in revenue over the coming several years, which means an increase in profits.

Competitive Rivalry Among Merchants

There are many factors driving competition in car hire. In recent years, wider fleet sizes and increasing profitability have been the focus of most car rental companies. Enterprise, Hertz and Avis among the leaders have grown in sales and fleet sizes. In addition, competition is intensifying as companies constantly try to improve their current relationships and offer more to consumers. The company has almost doubled its fleet size since 1993 to approx. 600,000 cars today. As industry is operating with such narrow profit margins, price competition is not a factor; However, most companies are actively involved in creating values ​​and offering a range of facilities from technological gadgets to even free rental to satisfy customers. For example, Hertz integrates its never-lost GPS system within its cars. However, Enterprise uses advanced performance management software to control its fleets.

Finally, Avis uses its OnStar and Skynet system to better serve the consumer base and offers free weekend rental if a customer rents a car for five consecutive days. In addition, the consumer base in the rental car industry has relatively low or no conversion costs. Conversely, rental companies are facing fixed operating costs, including rental of property, insurance and maintenance. Therefore, rental companies are sensitive prices that rent cars only to restore operating costs and adequately meet their customers' requirements. As the industry has experienced slow growth in recent years due to economic stagnation that resulted in a massive decline in both business and leisure sectors, most companies, including industry leaders, aggressively try to relocate their companies by gradually reducing the level of dependence on the aviation industry and regaining their foot in the free-competition arena.

Potential entry of new competitors

Entering the car rental industry puts new comes into serious disadvantage. In recent years after the economic downturn in 2001, most major rental companies have begun to increase their market shares in the industry's holiday industry as a way to ensure stability and lower the level of dependency between the airline and car hire. Although this trend has achieved long-term success for existing companies, it has increased the competitive conditions for new businesses. Due to the severity of competition, existing companies like Enterprise, Hertz and Avis closely monitor their competitive radar to expect Sharpe retaliation attacks against new players. Another entry barrier is created due to industry's saturation level.

Enterprise has, for example, taken the first mover advantage with its 6000 facilities by measuring the leisure segment, thus not only placing high limitations on the most common distribution channels, but also high resource needs for new businesses. Today, Enterprise has a rental space within 15 miles of 90 percent of the American population. Due to the Enterprise Network Network, it has been reliably stable, more decisive and most importantly less dependent on the aircraft industry compared to its competitors. Hertz, on the other hand, uses the full range of its 7200 stores to secure its position on the market. Basically, the emergence of most industry leaders in the leisure market is not only rivalry, but it also varies directly with the complexity of entering the car rental industry.

Substitution threat

There are many replacements for car hire. From a technological point of view, car rental at a distance for a meeting is a less attractive alternative as opposed to video conferencing, virtual teams and collaboration programs that a company can immediately set up a meeting with its employees from all over the world at a cheaper cost. In addition, there are other alternatives including taking a cab which is a satisfactory replacement in terms of quality and change, but it can not be as attractive as a hire car during a day or more. While public transport is the most cost effective of the alternatives, it is more expensive with regard to the process and the time it takes to reach a destination. Finally, because flight gives convenience, speed and performance, it's a very enticing substitution; However, it is an uninteresting option in terms of price when renting a car. In the business segment, car rental companies have more protection against replacements, as many companies have implemented travel policies that determine the parameters for renting a car or using a substitution is the best course of action.

According to Tracy Esch, an Advantage Director of Marketing Activities, her company rents cars up to a 200-mile trip before considering an option. Basically, the threat of compensation is relatively low in the car rental industry, as the effects of substitution products do not pose a significant threat to profitability through industry.

Vendor negotiation strength

Vendor strength is low in the car rental industry. Due to the availability of substitutes and the level of competition, suppliers do not have a major influence on the terms of delivery of the rental cars. Because the rental cars are usually bought in bulk, car hire agents have a significant influence on the terms of sale as they have the ability to play one vendor against another to lower the selling price. Another factor that reduces supplier strength is the lack of switching. That is, buyers are not affected by buying from one supplier over another, and most importantly, the change to different suppliers' products is strictly noticeable and does not affect the consumer's choice of rental.

Buyers' purchasing power

While the leisure industry has little or no strength, the business segment has a significant impact in the car rental industry. An interesting trend that is currently underway through the industry forces car rental companies to adapt to business travelers' needs. This trend significantly reduces supplier strength or rental companies & # 39; power and increase business purchasing power, as the business segment is inappropriate price sensitive, well-informed about the industry's pricing structure, purchases in larger volumes, and they use the internet to force lower prices. Holiday buyers, on the other hand, have less influence on the rental conditions. Because vacationers are usually less price sensitive, buy in smaller quantities or buy more rarely, they have weak negotiation options.

Five Forces

Today, the car rental sector faces a completely different environment than it did five years ago. Competitively, exports of the five forces around the car rental industry show some strong economic pressure that has significantly damaged the competitive attractiveness of the industry. As a result of the economic downturn in recent years, many companies went under the nominal budget and the Vanguard Group because their business infrastructure succumbed to the unavailability of the competitive environment. Today, very few companies, including Enterprise, Hertz and Avis, live a little above average compared to the rest of the industry. In real terms, the car rental sector is not a very attractive industry because of competition, barriers to access and competitive pressure from substitution companies.

Strategic Group Mapping

As a moderately concentrated sector there is a clear hierarchy in car hire. From an economic point of view, there are differences from a number of dimensions, including revenue, fleet size and market size, as each company has on the market. For example, Enterprise dominates the industry with a fleet size of approx. 600,000 vehicles along with its market size and its profitability level. Hertz is in second position with its number of market shares and fleet volume. In addition, Avis is third place on the map. Newspaper is one of the companies that has problems recovering its earnings margins from before the economic downturn. For example, in 2000, Avis generated a turnover of approx. 4.23 billion Over the next several years after 2000, newspaper revenue is significantly lower than in 2000. As a way to reduce uncertainty, most companies gradually reduce the level of dependence for the aviation industry and promote the leisure market. This tendency may not be in Hertz's interest as the business strategy is complex with regard to airports.

Key Success Factors

There are many important success factors that provide profitability through car hire. Capacity utilization is one of the factors that determines success in the industry. Because rental companies have lost revenue when there are too few or too many cars in their parties, it is vital to effectively manage the fleets. This success factor represents a big strength for the industry as it lowers if it does not completely eliminate the potential for missing rental cars. Efficient distribution is another factor that keeps the industry profitable. Despite the positive relationship between fleet size and profitability, companies still grow their fleet size because of the competitive forces surrounding the industry. In addition, convenience is one of the critical features with which consumers choose rental companies. That is, car hire consumers are more likely to hire cars from companies that have convenient rental and drop off locations. Another important success factor shared by competition authorities is the integration of technology into their business processes. Through technology, for example, car rental companies create. Ways to meet consumer demand by renting a car a very comfortable ordinary by adding the convenience of online rental among other alternatives. In addition, companies have integrated navigation systems along with road assistance to give customers meaning about car hire.

Industry Attractiveness

There are many factors that affect the attractiveness of the car rental sector. Because the industry is moderately concentrated, the new market participants are in disadvantage. That is, the low concentration constitutes a natural barrier to enter the industry as it allows the existing company to expect sharp retaliation against new players. Due to the risks associated with entering the industry among other factors, it is not a very attractive sector on the market. From a competitive point of view, the leisure market is 90 percent planned due to Enterprise's active efforts to dominate this sector of the market. On the other hand, the airport terminals are heavily guarded by Hertz. Realistically, access to the industry gives a low profitability in relation to the costs and risks associated with it. For most consumers, the key decisive factors to choose a company are beyond a different price and convenience. For this reason, rental companies are very careful to set their rates, and it generally forces the industry's major players to offer more to consumers for less than remaining competitive. For example, Hertz offers wireless internet to its customers just to add more convenience to their travel plans. Newspaper on the other hand offers free weekend deals if a customer returns a car for five consecutive weekdays. Based on the effect of the five forces, the car rental sector is not a very attractive industry for potential new market participants.


The car industry is in a state of recovery. Although it seems that the industry is doing well, it is still gradually resumed in relation to its actual economic position within the last five years. As a way of ensuring profitability, including seeking market share and stability, most companies across the chain have a common goal of lowering the aircraft industry's dependency level and moving towards the leisure segment. This movement status has created some fierce competition among industry competitors as they attempted to defend their market shares. From a futuristic perspective, the better days in the car rental industry have not yet come. As wage levels rise, I believe that most industry leaders, including Enterprise, Hertz and Avis, will be bound by the economic and competitive barriers to mobility in their strategic groups and new ones will have a better chance of infiltrating and Realize success in the car rental industry.


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Source by Rodrigue Monestime

Do not move by yourself, rent retailers in Fayetteville

Fayetteville in Cumberland County, South Eastern North Carolina, is a famous city, well-known for the US Army installation called Fort Bragg. This county seat has the 6th largest position in the state of North Carolina and has a registered population of about 2.05 lakhs. A visitor living in the city must include a tour of America's history, which is stored in the "Must-Watch" labeled Airborne and Special Operations Museum.

Nature lovers can fly in the beauty of daffodils and camellias scattered in the Cape Fear Botanical Garden. There is so much more to see, just go to Fayetteville, North Carolina for a stay! Is a smooth motion possible alone or should you hire professionals to work?

1) People are very busy and always on the run. A constant time-consuming job that meets the needs of the family performs daily tasks and so many more necessary tasks can reduce morale too much. The idea of ​​going to a new location that is not known is also scary and stressful. Plan your relocation carefully and make it easy by hiring the specialists in Fayetteville, NC.

2) It is a tough and disturbing task to pack the whole family's things. It takes a lot of time, requires a lot of effort and requires extra planning to perform the task in a smooth manner. You have to switch to a new home in a new city. The transfer is definitely emotional and physical taxation, so let packaging worry about the expert movers in Fayetteville, NC.

3) You must begin to separate your precious memories and possessions one by one to carry them safely. Each subject must be evaluated and the delicate need extra care. Can you understand how much sweat, struggle and energy is needed in all this? Get a certified package and mover to perform the tasks for you.

4) The move may require a lot of gaskets and supplies, and the items may need to be stored for longer or short periods depending on the needs of the customers. You need state of the art and secure facilities until the transfer is completed and unpacking completed.

5) Delicate and fragile things need special care and this can only be done by trained diligent and reliable staff. Experienced moving teams pack and extract the material by evaluating its properties. The packed marriage is picked from the source and unloaded at the destination.

6) Packaging companies and carriers work around your schedule and provide time for pickup and delivery so they do not interfere with your daily routine.

7) The products are covered tightly with dirty covers, so that they do not dust. This is a good option for carved furniture. Dirt particles cling to the small carved areas and settle there refusing to budge. The best way to protect these delicate items is to protect them closely with water and dustproof cover.

Source by Manoj Kapoor

Organizing a Safari – Planning a Safari

Do you plan a safari to Africa?

In that case you are probably aware that there are three ways to arrange your safari.

You can either buy a customized or what is known as a custom safari with a travel company or a travel agency. You can also buy a package with an iterarary that shows you where to visit and how long and what to expect. The other option is to arrange everything yourself.

Whatever you choose depends on you and each has its own advantages.

For people who want to maximize on their vacation, a pre-arranged safari is recommended to save hours and days that could be sent trying to find reliable transportation and accommodation.

Caution should be taken when choosing a safari company, especially as it is standard practice to pay in advance to secure a reservation.

The nightmare scenario would be to pay for your safari and then come to your destination and discover that the company does not exist!

To avoid or minimize the chances of this event. Do some research on the travel agency you intend to use.

This can be done using online forums, and also by conducting an internet search on the company. You will often be surprised what you might just be spoiled for good or bad.

Arrange Things

It's quite possible to organize your own safari either by renting a vehicle or – doing an overland safari.

Should you consider a self drive, consider hiring a 4×4 4-wheel drive vehicle. Crossroads are a favorite. Others include Toyota Rav4 and Land Rover. These vehicles are quite practical because roads within national parks and game reserves can be terrible.

Organizing your own trip has the advantage of flexibility in planning, but it may not be necessary to be cheaper than to go through a safari company.

An idea would be to travel as a group and share the cost of car hire, and some tourist companies offer discounts for group travel.

Apart from accommodation and transportation, you will have to budget for food, buy or rent camping equipment and maybe even hire a local guide to show you around.

If you are good with logistics, a card will save you to hire a guide.

When it comes to game viewing cards, it can not really help you find a game. Local guides usually know where to find them.

Source by Jerry Wanga

Are you going to travel alone?

Hello ladies and gentlemen! There is no better feeling than to set a courageous goal for yourself in your life; jump from a plane with an open heart and an open mind.

Your young age years are your years of freedom before mortgages, children and ordinary adult responsibility kick in. Too many people make fear of the unknown stop them from taking chances and forget that only with great risk comes a big reward.

If you decide to take an adventure and are ready to move a new city where you do not know anyone, there are some of the wonderful things you will discover together in your way:

You will be introduced to new and exciting ways to have fun

Your friends in a new city will introduce you to different local customs, adventures outside the beaten track and fresh perspectives on how to have fun. All in all, it really is. When you open your mind for the conceivable outcome of motion and travel, you can go anywhere you need. Move like the breeze.

Welcome to change with open arms and live regardless of nation, city, city or neighborhood that suits your cadres and wishes. You will build social slip to go into a gathering alone and not flat an eyelid

Apart from the profound people among us, many people feel a particular sense of fear when they are welcome to go to a social event solo .

You emphasize that you do not know anyone and that you will feel awkward and adhere to conversing with something odd. You will be getting overly alcoholic, making it impossible to cope with the biggest part of the hassle.

All in all, do not fear. When you move to another city, you close up to such a large number of gatherings alone that it will cease to build you at all and you become an expert on social connections.

Before you know, you have the ability to start the relaxed conversation, get a chuckle, ask the correct inquiries and men excuse yourself from discussions easily. Social excitement will be a relic of days gone by. Perhaps a standout among other urban city takeaways is the self-information you receive. The more you travel and live abroad, the more your needs will move and you will not be able to help even find out your own route.

The decision to put everything out there and assume responsibility for your own life is an incredibly effective affair. With your preconditions in your own hands you can rediscover your fantasies, wishes and shape the way before you.

You will be able to reinvent yourself.

Source by Devendra Kumar Arya

Reward your employees with travel incentives

Reward your employees with travel incentives

Motivating employees, especially highly competitive employees such as inside and outside sellers and telemarketers, can be a challenge. Sure everyone likes money, but what if you could offer an incentive worth more than money? That's what travel incentives are about.

What do you think would create more excitation among your employees; offers $ 50 to the person who makes most deals in one day or offers a 3 day and 2 night hotel stay in Hawaii including the airline ticket? I bet you would not think about it too long. Hawaii tour wins hands down.

I also bet you think "for sure, I would like to renounce a travel incentive agreement such, but how can I afford it?" Prepare to be shocked. You can see that travel incentive coupons sell to pennies on the dollar. The key to the success of offering travel incentives is their received value, not their actual costs for you. The truth is that most travel incentive coupons cost less than $ 10 each. This means that instead of giving away $ 50 in real money, you spend less than $ 10 and give away something worth hundreds or even thousands of dollars!

Travel incentives are coupons good for real travel to desirable destinations. There are no gimmicks. The travel industry allows distribution of these coupons through authorized brokers. Depending on the offer, these certificates can be redeemed for air travel, cruises, hotel stays and many other travel options.

Hotel and airline operators know that they rarely will be booked to 100% of their capacity. Instead of having empty seats or rooms, they offer free travel. They know that vacationers need to spend more money on food, sightseeing and other products and services during their stay so the free travel is not a dead loss. In addition, airline and hotel management expect the guest to have a good time that they will come back another time and pay full fare.

This means that travel incentives are a triple win. The airlines win, the hotels win and you win by offering a productivity incentive with a perceived value many times greater than the actual costs. You want to be a hero with your employees, and productivity will float.

Where to Buy Travel Incentives

You should only purchase your travel incentives from an authorized travel agent broker. That way, you are sure to receive genuine certificates that are good at major airlines and at quality hotels. There are many bad deals out there and you do not want to disappoint your employee by sending them to another rated hotel at an unknown airline.

One of the other advantages of dealing with authorized brokers is that they are able to offer you the opportunity to combine different travel incentive coupons to create even better packages. For example, you can combine a 3-day, 2-night, 3-star hotel package with a $ 500 spending certificate in some cities.

Another popular combination is to create a getaway package that includes dream holidays as a 4 or 5 star hotel package, combined with a free return trip. It will not be better than that!

Stop offering boring bonuses and give your best results employees their vacation vacation of their dreams. Booking travel incentive coupons is easy, cheap and can be made 100% on-line.

Source by Sheryl Strasser

Safety tips to remember while driving in a taxi

The taxi service has made our lives so easy. Just book a cabin online and it's going to pick you up in a jiffy and it's just outside the door. Now you do not have to go personally to the taxi rank and negotiate with the drivers with all luggage on. The process has now become just as hassle-free these days.

But as the convenience is there, there is also a risk there too. Be it a man or a woman, there is always a small risk of danger while traveling in the taxi. Although the technology is now very advanced, the taxi rank can be easily tracked in emergencies, but it's no harm at all to do a bit of yourself.

Here are a few points to keep in mind while traveling in the taxi.

first Avoid taxis on the isolated roads.

2nd Always be careful while speaking your destination address to the taxi driver as it may be overheard by the people around you.

3rd Carefully identify the taxi and the number you have reserved.

4th Share the parts of the driver and taxi at least with one of your loved ones.

5th Do not open your bag or other items in the cabin. As there are chances that you will forget something while you get out.

6th Never take a nap in the taxi. Stay awake and look at the direction to check if it's the right way or not.

7th Keep the fare ready by hand. This helps to avoid the chances of giving extra money at the moment of rush.

8 thereof. If the driver makes you uncomfortable, choose another taxi.

ninth Do not talk personally over the phone to anyone while you are in the taxi as you may leak some information that would be a tip to the driver to hurt you in any way.

10th Try to avoid any conversation with the driver as you might distract him while driving.

eleventh Pay attention when dividing the cabin. Move out if you do not feel comfortable.

12th Sharing cabs is a way to save a little money, but do not forget that there will be a stranger with you and not knowing his intentions.

thirteenth If you do not want to reveal your home address, get out of the cabin a few meters before your destination.

fourteenth Keep your keys handy as you get out of the cabin and get into your house immediately. Do not go home alone in the dark after leaving the taxi.

15th If you felt any problem or suspiciously by taxi or driver, you are not afraid to tell the police as you can help protect others.

If a person is a student, working or elderly, he / she uses taxi at some point of life. And as it is the best, says "Prevention is better than healing". Take these preventive measures to reduce the risk to your side.

Source by Tularam Mehrotra