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Essay Details:
Essay text:
We've all bought merchandise or services we
really didn't need simply because we were in the mood, or
perhaps in response to the flamboyancy of the advertising
or the persuasiveness of the salesperson. Then we sort of
"wake up" a couple of days later and find that we've
committed hundreds of dollars of business funds for an item
or service that's not essential to the success of our own
business, when really pressing items had been waiting for
those dollars. If you are incorporated, you can eliminate
these "impulse purchases" by including in your by-laws a
clause that states: "All purchasing decisions over (a certain
amount) are contingent upon approval by the board of
directors...
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