You (the learner) manage the sales process. Mr Smith is a contractor of construction. Recently 35
Question:
You (the learner) manage the sales process. Mr Smith is a contractor of construction. Recently 35 employees are working for him. Mr Smith owns 03 road rollers, 01 overhead cranes, 03 excavators and 02 concrete plants. Mr Smith wants to sell his business. As a seller agent, you have been given a job to identify and resolve issues that may impact the successful conclusion of the sale by maintaining communication with the vendor throughout the sale process. Negotiate price, terms and conditions of sale of the business. Negotiate conflict or deadlocks and confirm terms with parties to the sale. Prepare and provide all the necessary sales documentation, including the disclosure document. Engage the legal advisor to ensure all times of the agreement are favourable. Monitor progress of contract and adherence to conditions of sale according to agency requirements. Evaluate vendor and buyer satisfaction to establish future business opportunities. Update databases to inform future prospecting activities. Submit a video incorporating all the tasks mentioned above and a disclosure document and terms and conditions of sale in the written form. Use this template to record details of the process. | ||||
Learner Name | ||||
Agency name | ||||
Date | ||||
Nature of business | ||||
Conflicts/Issues | ||||
Conflict resolving methodology | ||||
Market trends | ||||
Communication techniques used to deal with deadlocks
| ||||
Were any of the following undertaken? (If so, provide details) | ||||
Disclosure documentation | ||||
Engagement of legal advisor
| ||||
Did you monitor the progress of the contract?
| ||||
Did you access the documents required for business sales? | ||||
Signing agency documents | ||||
Communication with stakeholders | ||||
Record keeping of all the documents | ||||
Analysis of market trends | ||||
Did you update the agency database? | ||||
Provide details of the Disclosure Statement
| ||||
Conclusion/Outcomings of the sales process | ||||
What recommendations would you make to your organisation to ensure future compliance and ethical operation? | ||||
Recommendations: | ||||
Your name | Date | |||
Your Signature | ||||
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany