Business Word/Phrase of the Day: Merchandising and Trading

Noun

• the total amount of something.

Noun

• the cost of producing one item of a product.

Noun

• extra money that was not spent.

Noun

• a tax on imports when they enter a country.

Noun

• a limit set on the amount of imports which can come into a country.

Noun

• a place where products are sold to the public.

Noun

• something that can be bought or sold e.g. a resource or product.

Phrase

• to use outside sources rather than those within a company.

Noun

• supplier that stands high on a company's chain of suppliers and is usually in a direct contact with the client.

Noun

• a number of similar shops or stores that sell products to the public.

Adjective

• related to the selling of goods in small quantities (e.g. in a store).

phrase

• Value of unfulfilled orders, or the number of unprocessed jobs, on a given day. While a backlog indicates the workload that is beyond the production capacity of a department or firm, it also serves as a pointer toward the firm's future sales revenue and earnings.

phrase

• A certificate stating the country in which a commodity has been grown, milled, produced, manufactured or assembled.

phrase

• An import license is a document issued by a national government authorizing the importation of certain goods into its territory.

noun

• Government agency entrusted with enforcement of laws and regulations to collect and protect import-revenues, and to regulate and document the flow of goods in and out of the country.