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Chapter 16 Using Math in Sales Vocabulary
Terms in this set (14)
Is a written record of sales transaction that includes such information
Is removing merchandise from stock and keeping it in a separate storage area unit the customer pays for the item.
An agreement allowing the customer to bring the merchandise (usually clothing) home for further consideration.
Cash-on-Delivery (COD) Sale
A type of transaction that customer pays for the merchandise at the time of delivery.
A percentage fee placed by the government on the sale of goods and services.
A partial return of the sale price for merchandise that the customer has kept.
Universal Product Code (UPC)
A combination bar code and number used to identify a product and manufacturer.
It's a process of combining a cash register with a computer, making it possible to capture information about the transaction at the time of sale, then applying it to different functions.
The cash drawer of a cash register.
Opening Cash Fund
A limited amount of money for the cash register provided by a manager or other designated person at the beginning of each business day.
Purchase Order (PO)
A legal contract between a buyer and a supplier to purchase a specified number of products at a specified price.
An itemized list of goods that includes prices, terms of sales, total, taxes and fees, and amount due.
Terms for Delivery
The final delivery arrangement between the buyer and seller.
The price for goods includes delivery at the seller's expense to a specified point and no further.
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