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Trade discounts are most frequent in industries where retailers hold the majority of the power in the distribution channel (referred to as channel captains).

Trade discounts are given to try to increase the volume of sales being made by the supplier.

Trade Discounts are deductions in price given by the wholesaler or manufacturer to the retailer at the list price or catalogue price.

Cash Discounts are reductions in price given to the debtor to motivate the debtor to make payment within specified time.

Over the last 20 years, OMG has extended its roots from developing standards in Middleware (CORBA) to Application Design (UML) and more recently Business Process Management (BPMN), Enterprise Architecture (UPDMTM) and Case Management.

This flexibility to shape standards in key technologies and industries using its strength in modeling standards is a key reason why IBM, our partners and customers are at OMG and implementing many of these standards in our products.

Primarily, it is for automating web applications for testing purposes, but is certainly not limited to just that.

Boring web-based administration tasks can (and should! Selenium has the support of some of the largest browser vendors who have taken (or are taking) steps to make Selenium a native part of their browser.In many respects our Board, Chair, Co-Chair and working group involvement has enabled No Magic and the solutions we develop, to be grounded in OMG industry standards.This adherence to standards is seen as critical to success in the competitive environment we face today and tomorrow.The date on the invoice is moved forward - example: purchase goods in November for sale during the December holiday season, but the payment date on the invoice is January 27.These are price reductions given when an order is placed in a slack period (example: purchasing skis in April in the northern hemisphere, or in September in the southern hemisphere).

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