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Food Marketing Institute
Industry: Retail
Number of terms: 13685
Number of blossaries: 0
Company Profile:
A sales technique used for specialty or seasonal merchandise. The distributor pays for the merchandise when sold, or when the unsold product is returned after a predetermined period of time. The title for the merchandise for resale is held by the shipper until the merchandise is sold by the distributor.
Industry:Retail
A salesperson at a wholesale operation who takes telephone orders for merchandise and also contacts customers to alert them to upcoming promotions, new items and other services. Sometimes called an inside sales rep.
Industry:Retail
A rubber stamp bearing a store's number and name. The imprint of the store stamp on an invoice or other business paper indicates correctness or approval. Stamps are kept under tight security.
Industry:Retail
A sale price for an item featured in a weekly ad that is lower than the regular price.
Industry:Retail
A sale of goods by a manufacturer to a service merchandiser or other wholesaler, who in turn sells the products to chain store companies or independent stores.
Industry:Retail
A row of similar products stacked on a pallet or shelf.
Industry:Retail
A rotating grill with an electrically turned spit that cooks meats.
Industry:Retail
A room that houses mechanical and electrical motors that power a store. Also known as the compressor room.
Industry:Retail
A review of management procedures and processes, e.g., inventory, cash handling, etc.
Industry:Retail
A retail practice of holding products until the end of a promotion to increase profits. Also known as a buyout.
Industry:Retail