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Merchandising

Author: Evan McLaughlin

Source: Instrumental “Drops of H2O ( The Filtered Water Treatment )" by J.Lang (feat. Airtone),” Creative Commons, http://ccmixter.org/files/djlang59/37792

Video Transcript
Terms to Know
Cost of Goods Sold

The cost of inventory that a company has sold during a period.

Freight on board (FOB)

Freight terms that designate whether the buyer or seller pays the freight and when ownership is transferred to the buyer.

Inventory

The products that a company owns for resale to customers.

Merchandising

Buying products for resale to customers, rather than selling services.