What is the sale?
Fire sale is a sale in which goods are sold at extremely low prices, usually significantly below retail value and sometimes even under the wholesale price. In general, the aim of sales of fire is to get as many goods from the door, and the store owner is sometimes willing to have a small loss to do so. The sale of fire is sometimes charged as "sale" or "release", which strengthens the idea that the goods are on sale at very low prices and that consumers must act quickly if they want to get to the event.
This term is a reference to the sale that holds shops after literal fires. Historically, when the fire was damaged by the goods goods, the choice was to sell or throw it. Sometimes the goods would be absolutely usable if a little smoke, and it would be better to earn some money than throw away everything. Until the goods were cleaned, the company would not be able to repair and replenish the replenishment, so the motivation was to sell everything so quickly.
Fire sale can also be held in other disasters such as floods, building collapse, etc. Although not the whole goods will be sales, at least damaged goods can often be picked up at low fire costs. This is especially true when consumers are willing to repair small damage or live with objects that have a little smoky for several months. Trades often obtain a full substitute value from the insurance company, so the fire sale only provides a slightly more capital.
people also use this term when businesses sell their products during the bankruptcy procedure. Businesses administering bankruptcy hold the sale of fire to reduce the amount of their assets and to come up with ready cash to handle bankruptcy. Some reckless business owners can also use a fire sale to convert asset into cash that can be moved or hidden, allowing them to pockets some of the fundsOhou recover from bankruptcy.
Fire sales can be a great way to get really good offers, especially for people who are willing to negotiate and hagg to make prices even more. The sale of fire is often listed in newspapers or advertised in the media because the company wants to get as much exposure as possible. Participation in the sale of a fire in later days tends to bring better offers, although the selection will be more limited.