What Is Buying At Cost?
Buying at the wholesaler's cost may be a good deal. It may also land you with unwanted inventory.
SKU? It’s Just a Model/Product Number.
What is a SKU? It's a unique product identifier. It's the same as a model number or a product/item number.
RA or RMA – “Return Authorization” or “Return Merchandise Authorization”
How to handle Returns and Replacements.
Net 30 – “30 Days to Pay”
What does Net 30 mean on a wholesale supplier's order or invoice
What is ‘FOB’ – “Free on Board?” or “Freight on Board”
FOB - Free on Board - affects your real Cost of Goods Sold, COGS, and your profit margin.
QOH – “Quantity on Hand”
Why must you watch the QOH so closely? Quantity on Hand determines your ability to fulfill orders.
MOQ – “Minimum Order Quantity”
What does the MOQ require you to do? A minimum order quantity? Why's that?
MSRP – “Manufacturer’s Suggested Retail Price”
What should you do with the MSRP: Manufacturer's Suggested Retail Price?