Chapter 16 Marketing Essentials

A limited amount of money for the cash register provided by the manager at the beginning of each business day.

An itemized list of goods that includes prices, terms of sales, total, taxes and fees, and amount due.

Combines both a cash register with a computer.

The cash drawer of a cash register.

A transaction that occurs when a customer pays for merchandise at the time of delivery.

A partial return of the sale price for merchandise that the customer has kept.

What does COD stand for?

Record of a sales transaction that includes the date, items purchased, prices, tax, and total amount due.

Also called will call, removing merchandise from stock and keeping it in a separate storage area until the customer pays

A percentage fee placed by the government on the sale of goods and services.

A legal contract between the buyer and the supplier that describes the products ordered.

A combination bar code and number used to identify a product and manufacturer.

Leaves title and ownership of the goods with the seller until the goods reach their destination.

The final delivery arrangement between the buyer and seller.

An agreement permitting a customer to take merchandise home for further consideration.