Examlex
When Ford Canada includes a free oil change at your local dealership for filling out a research survey, this is called:
Perpetual Inventory System
An inventory management system that updates inventory records for each purchase and sale in real time.
Cost Of Goods Sold
The total expenses directly related to the production of goods sold by a company, including material and labor costs.
FOB Shipping Point
A term used in shipping agreements indicating that the buyer assumes responsibility for the goods and the cost of transport once the goods leave the seller's premises.
Title To Merchandise
The legal right or ownership of goods and products, which is transferred from the seller to the buyer when the conditions of a sale are met.
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