UNITS 5, 6, 12 Flashcards
wholesaler
A person or company that sells goods in large quantities to other businesses, who then sell them to the general public
warranty
a document issued to the purchaser of a product, promising to repair or replace it if necessary within a specified period of time
vendor
a company or person that sells something
vending machine
a machine from which people can buy snacks, drinks, cigarettes etc.
value chain
the process by which a company adds value to something, through production or marketing or after-sales service
trial order
a small initial order placed by the customer to test a product or service before committing to a larger order
trader
A person or company that buys things to sell at a profit
trade show
an event at which many companies show and sell their products
trade discount
a discount on the retail price agreed between traders
supply chain
the processes and companies that are involved in making and selling a product
supplier
a person or organisation that provides goods or services
shipment
batch of goods destined for or delivered to a customer
sales representative
a member of company’s sales force
retainer
a fee paid in advance to someone who might provide a service when required
retailer
a person or business that sells goods to the public directly
retail outlet
places where individual customers make purchases
representative
an agent of a company who visits customers in order to sell products
promotion
measures aimed at encouraging the sale of a product
product recall
When company asks customers to return a product, special offer or gift
principal
The amount of money that is lent or invested to earn interests
perishable
fresh goods that are likely to deteriorate
packing
material in which goods are packed for delivery