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Merchandising and Trading

COMMODITY kəˈmɒdɪti

22 Nov 2023

Noun

  • something that can be bought or sold e.g. a resource or product.
Example Sentence: Primary commodities tend to be produced in poorer countries.
 

VOLUME vɒlyum

31 Oct 2023

Noun

  • the total amount of something.
Example Sentence: The volume of trade has dropped in recent months.
 

UNIT COST yunɪt kɔst

30 Oct 2023

Noun

  • the cost of producing one item of a product.
Example Sentence: The unit cost of the product is just $2.
 

SURPLUS sɜrplʌs

29 Oct 2023

Noun

  • extra money that was not spent.
Example Sentence: The surplus is due to the falling energy costs.
 

TARIFF tærɪf

14 Sep 2023

Noun

  • a tax on imports when they enter a country.
Example Sentence: They set high tariffs to protect their domestic car industry.
 

QUOTA kwoʊtə

01 Sep 2023

Noun

  • a limit set on the amount of imports which can come into a country.
Example Sentence: The country has set quotas on steel imports.
 

RETAIL OUTLET riteɪl aʊtlɛt

20 Apr 2023

Noun

  • a place where products are sold to the public.
Example Sentence: They have retail outlets all over America, Europe and Asia.
 

OUTSOURCE (SOMETHING)  

04 Feb 2023

Phrase

  • to use outside sources rather than those within a company.
Example Sentence: The manufacturing company outsourced many of their products.
 

TIER-ONE SUPPLIER  

17 Sep 2022

Noun

  • supplier that stands high on a company's chain of suppliers and is usually in a direct contact with the client.
Example Sentence: Our company is a tier-one supplier of one of the biggest car manufacturers in Japan – we produce their tyres.
 

RETAIL CHAIN riteɪl tʃeɪn

08 Aug 2022

Noun

  • a number of similar shops or stores that sell products to the public.
Example Sentence: We have only one retail chain in our town. I've never liked them – the choice of dairy products on offer is really poor. I think some competition would do them good.
 

RETAIL riteɪl

18 Jul 2022

Adjective

  • related to the selling of goods in small quantities (e.g. in a store).
Example Sentence: The retail price was reduced by 30% after the holidays.
 
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