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What consignment transaction?

A consignment transaction occurs when one party (the consignor) delivers goods to another party (the consignee) for the purpose of selling them on behalf of the consignor. The consignee does not take ownership of the goods but instead acts as an agent, earning a commission on sales. The consignor retains ownership until the goods are sold, and unsold items can typically be returned. This arrangement is commonly used in retail and distribution to reduce the risk for sellers while providing inventory to retailers.


The term that are used for buying and selling goods?

trade


WHAT term may be used to describe the exchange of goods?

The transmission of goods and services between two or more stakeholders, without the use of funds is known as BARTERING. . It is the most ancient form of commercial transaction, whereby professionals and businesses alike, trade goods and services with one another depending on corresponding price and / or estimates of the goods and services being offered. Bartering is also primarily regarded as a form of taxable income.


Explain the term of production and operation management and describe its activities?

Production management has been the traditional term used to describe all the activities managers do to help their firms create goods.


What is the opposite of advance payment?

The opposite of advance payment is a deferred payment. In a deferred payment arrangement, the payment is made after the goods or services have been delivered or rendered, rather than upfront. This can allow buyers to receive the product before committing to payment, often used in credit or installment agreements.

Related Questions

What is goods on consignment?

goods received in good faith. if unused woulld be returned. if used channellized for get paid for used goods.


What is the purpose of consignment shops?

The purpose of consignment shops is to resell previously used items such as clothing or home goods at a discount price. The consignment store takes a portion of the sale amount and the person who consigns the item takes the balance.


What is the term used to mean the opposite of religious or sacred?

The term used to mean the opposite of religious or sacred is "secular" or "profane."


What is diplomatic consignment?

Diplomatic consignment refers to goods and materials that are sent between countries by diplomatic missions or diplomats. These consignments are typically granted certain legal privileges and immunities to ensure they are not subject to customs duties or inspections, and are used for official diplomatic purposes.


What is consignment software intended to be used for?

Consignment software is intended to be used in pawn shops and/or consignment shops. Pawn shops and consignment shops need a software that is capable of tracking 1000's of products a day and not losing information from people who bring their items to these shops. Consignment software is designed especially for pawn shops and consignment shops.


What does the term intermediate goods mean?

Goods that are used in a production of other goods. (by Solomon Zelman)


What term is used to describe the opposite of distributing?

The opposite of distributing is collecting or consolidating.


The term that are used for buying and selling goods?

trade


What consignment transaction?

A consignment transaction occurs when one party (the consignor) delivers goods to another party (the consignee) for the purpose of selling them on behalf of the consignor. The consignee does not take ownership of the goods but instead acts as an agent, earning a commission on sales. The consignor retains ownership until the goods are sold, and unsold items can typically be returned. This arrangement is commonly used in retail and distribution to reduce the risk for sellers while providing inventory to retailers.


What is the opposite of laddie?

The opposite of "laddie" is "lassie," which is a term used to refer to a young girl or woman.


What term is used to describe the exchange of goods?

Here are some:bartertradeexchange


What is the term used to describe the opposite of Commoditized?

Differentiation / branding.