Full service brokers make most of their profits from charging commissions on clients’ transactions.
Commission consultants earn money by buying and selling goods on behalf of their clients.
In the financial services sector, commissions and fees are different, where the fees are a flat rate for managing a client’s money.
When choosing a broker or advisor, look at the full list of service fees and beware of financial advisors who are only interested in selling products for commission and not for your benefit.
Today, most online brokers no longer charge a commission for buying and selling shares.
Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.