Examlex
In a caste system,social stratification is based on achieved status.
Quantity Discounts
Price reductions given to customers who purchase large quantities of a product, encouraging bulk buying.
Perpetual Inventory System
A process in accounting for inventory that instantly logs purchases or sales via computerized point-of-sale systems and enterprise asset management programs.
Journal Entry
A record in accounting that notes every financial transaction of a business in chronological order.
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and the cost of transportation as soon as the goods leave the seller's premises.
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