20 Terms
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Sales
Sales is the process of selling goods or services. The process begins with the request to buy by a customer or a offer to sell by a seller. Then follows the payment and change of title.
Industry: Professional careers
Add a new termContributors in Sales
Sales
standard test market
Professional careers; Sales
A form of test market in which the company selects a small number of representative cities in which to trial the full marketing mix prior to a new product launch, see market testing.
common market
Professional careers; Sales
A group of geographically associated countries limiting trade barriers among member nations and applying common tariffs to products from non-members, also known as regional trading blocks.
cartel
Professional careers; Sales
A group of firms (or nations) attempting to act as a monopoly to control the market price.
learning curve
Professional careers; Sales
A graphical representation of the way in which average unit cost of production decreases as output rises, also called an experience curve.
import quota
Professional careers; Sales
A government-imposed limit on the number, quantity or value of a product to be imported, usually to protect local industry.
host gifts / hosts incentives
Professional careers; Sales
A gift or premium given by a party plan operator to a consumer who agrees to be the host for a demonstration party, the value of the gift is usually proportional to the amount of sales at the party.
