Extra quantity of an inventory item
retained to reduce the risk of stock outages.
Transactions involving the exchange of
goods or services for money.
A marketing strategy in which a
short-term incentive or added value is offered
for free or at a reduced price in an effort to
increase sales to customers.
A person designated as a
business' principal point of contact with
customers for the purpose of selling that
business' goods or services and ensuring
A government-imposed consumption
tax on the sale of goods and services.
A geographical area or customer
group assigned to a business' salesperson or
Property having some value in excess of
its basic material content or scrap value, but
it is in such condition as to be no longer
usable, and its repair or rehabilitation for use
is clearly impractical.
One or more units selected from the
material or process lot and represented as a
specimen of quality.
A technique that avoids the necessity
of having to examine each item in a
population but is sufficient to determine
whether the entire population complies with
an acceptable quality level or stated