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  • Business: Retail
  1. In Australia, layaway is called lay-by.
  2. A negative interest rate is an interest rate with a negative value. The point is that interest rates shall not fall below zero. So how is a negative interest rate possible? There could be a couple of reasons. 1. Real interest rate becomes negative due to inflation The real interest rate calculation formula is: Real rate = Nominal rate - Inflation For example, if a bank set the nominal interest rate at 3% and if the inflation is 3.5% a year, the real rate will be negative (-0.5%). In this case, if you put $100 in the savings account, normally, it should be $103 after one year. However, after inflation, it will be $99.50. As you see, as a depositor, you lose $0.50. 2. Nominal rate turned negative due to deflation It means that instead of receiving money on deposits, you must pay a fee to the bank for keeping your money there. Why is it so? When the country’s economy goes into deflation, people and businesses try to accumulate their savings instead of investing or spending money. As a result, the economy goes into recession because aggregate demand is decreasing. To prevent this, the central bank begins to charge negative interest. This encourages depositors to invest and spend money instead of paying a fee to keep it. In this case, a negative interest rate acts as a monetary policy tool. In 2014, the European Central Bank (ECB) cut the interest rates to below zero (set depositary interest rates at -0.4%). Denmark, Sweden, and Switzerland, which are not part of the eurozone, also have negative rates. In 2016, the Bank of Japan also reviewed its economic policies and began to charge a negative interest rate.
  3. Employee performance management appeared in the 1960's, and it is used to determine an employee's performance. It has been an indicator and source of employee's wage and financial rewards determination. It has replaced various employee appraisal approaches which has been less effective. For employees who could be motivated by financial rewards, the performance management of the 60’s has been effective and worked well. But from the 80's, such system was becoming increasingly less effective because many employees’ motivation was becoming increasingly dependent on developing their skills and knowledge. Performance management nowadays Modern performance management system is used in companies for ensuring that the employees' activities and outcomes are in line with the company's vision and goals. It helps an employee to understand the company’s expectations. How to achieve effective performance management Connect individual employee’s goals with the company's goals, mission, and plan. Set clear performance objectives and expectations to employees, and use appraisal of results, actions, and behavior. Discuss the company's development strategy and plans with your employees to inspire them. Regularly hold meetings and workshops for your staff throughout all performance cycle, where you coach and instruct them. Create a culture of openness. Allow your employees to openly share and report. Receive the employees’ feedbacks and their own assessment of what is happening in the company.
  4. In my case, I can create composite items in composite items to nesting level 4. From your description, I think your composite items is smaller than level 4. Or bigger?
  5. I download Loyverse POS from here https://apkpure.com/loyverse-pos-point-of-sale/com.loyverse.sale
  6. Does anyone use the Socket mobile SOCKETSCAN S700 barcode scanner on iOS Loyverse POS? It works well? I want to buy one.
  7. I don't apply this concept, I think that a customer is not always right. But I try to understand my customers, as far as possible, including difficult ones. And I always try to find solutions how to make these clients satisfied. My attitude is that my clients are my teachers.
  8. How do I find the IP address of my printer? There is an assumption

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