FLASH

Minutes of Meeting

Date: Friday, 10 June 2020

Time: 10:15 a.m. – 10.30 a.m.

Location Microsoft teams

Present (members):
1. Dzakiah Putri [DP] – Chairperson (CEO)
2. Hong Xuan [HX] –Vice Chair (Marketing Manager)
3. Pankti Yashvant [PY] – Secretary (Sales Manager)
4. Yao Wei [YW] –Commitee Member (Finance Manager)
5. Hong Yi [HY] – Commitee Member (Accountant)

No. Matters Discussed Action By

1. Meeting called to order.
DP Welcomed and thanked the members for their attendan INFO
ce.
2. Updates on financial condition.
YW updated Flash company financial condition 2020. The INFO
financial condition of Flash Company 2020 has declined 5
% compared to 2019. YW
3. Updates on market condition.
HX explained several causes for customers who are late p INFO
aying on time. He found that customers are of medium
income and do not have the habit of saving money. HX
4. Discuss solution of the problem of slow paying customers.
4.1 Discuss the way to deal with customers who are late p INFO
aying on time. There are 4 ways provided by the members
 Cash Discount
 Follow up debts in time ALL
 Charge customers a late payment fee
 Conduct a credit survey on the customer
 4.2 Determine which method to use
 Cash Discount ALL
 Conduct a credit survey on the customer

5. Discuss the ways to maximize our profit

5.1 Discuss on how to maximize Flash company profits. INFO
There are 3 ways provided by the members
 Advertise through internet
 Produce more cars that are relatively having a more ALL
horse power.
 Increase the price of those high-demand cars

5.2 Determine which method to use

 Advertise through internet
 Produce more cars that are relatively having a more
horse power. ALL
 Increase the price of those high-demand car

6. Adjournment

The meeting ended 10.30 am.

Minutes taken by: Pankti Yashvant [PY]

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