What is the importance of business correspondence?
Business letters are permanent records of transactions. It is a ready reference of dealings with customers, suppliers, Government agencies etc. Business letters act as a valid document and evidence of contracts between the two parties. It serves as a formal as well as informal business relations even without personal contacts. 2. What is a firm offer? A firm offer is an offer in which the seller undertakes to accept an order at the price named and on conditions stated only, within a specified time, usually 3 to 7 days. 3. What do you mean by follow-up letter ? A follow up letter is sent generally after the sales letter or a collection letter. It is called follow up letter because if follows the earlier letter. One may write many follow up letters till his object is served. The follow up usually points out that time is running out and the customer should take advantage of the offer. 4. State the reasons for shifting the business premises: The reasons for shifting the business premises a
