9 Terms
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Supermarkets
Terms that are in relation to the biggest kind of retail store.
Industry: Retail
Add a new termContributors in Supermarkets
Supermarkets
average inventory on hand
Retail; Supermarkets
A calculation of the worth, expressed in dollars, of the inventory in a store that is determined by dividing the costs of goods sold by the number of retail/wholesale turns.
averaging cost
Retail; Supermarkets
A calculation that determines a product's current cost by adding a product's current cost to its replacement cost and dividing that sum by two.
profitability
Retail; Supermarkets
A calculation of the profit of a product by the number of product turns and gross profit.
food cost
Retail; Supermarkets
A calculation of the price of each ingredient used to prepare foods, such as potato salad.
direct buyer
Retail; Supermarkets
A buyer who places orders directly with a manufacturer and bypasses a wholesaler.
european article number (ean 128)
Retail; Supermarkets
A bar code system and data format used for primary and secondary product identification in Europe.
new product information sheet
Retail; Supermarkets
A buyer's data sheet listing product and promotional information and allowances that must be completed by the seller at the buying office.
