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Stock clearance is an activity by a company where ownership of products and materials moves on to another legal entity. These products and materials in stock clearance will not form the basis of a company's key activities. As such, they are often end-of-line, surplus, returned, or bankrupt.
The 94.7 Cycle Challenge starts at the intersection of Woodmead Drive and Van Reenen in Woodmead. This is a 94.7 kilometre cycle race that is held every year and is sponsored by 94.7 Highveld Stereo, a popular regional radio station. Woodmead is also the site of two large 18-hole golf courses, which opened in 1968. Both courses are known as the ...
The Western Bypass is a section of the N1 and the Johannesburg Ring Road located in the city of Johannesburg, South Africa.Known at the time as the Concrete Highway, the freeway was initially opened in 1975 as a route to avoid the city centre of Johannesburg and to provide access to the western areas of the Witwatersrand.
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
In retail stores, when a business ends up with too much of a certain product, which remains unsold at its longstanding price (such as unsold summer clothing as the colder season approaches), the store will typically discount the price until the excess stock is sold, a simple example of market clearing.
Since September 2012, a vehicle can only obtain a clearance if it was marked with a micro dot, or data dot system. This is a process where about 10,000 micro dots with a serial number on is sprayed with a resin onto all components of the vehicle.
Overstock, excessive stock, or excess inventory arise when there is more than the "right quantity" of goods available for sale, [1] or when "the potential sales value of excess stock, less the expected storage costs, does not match the salvage value". [2] It arises as a result of poor management of stock demand or of material flow in process ...
The Options Clearing Corporation (OCC) was founded in 1973, initially as a clearing house for five listed markets for equity options. Prior to its establishment, due to a great deal of encouragement from the SEC, the Chicago Board Options Exchange had its clearing entity, the CBOE Clearing Corporation.