Examlex
People who prefer simple, clear-cut solutions to problems use the directive style.
Credit Terms
The agreement between a buyer and a seller that outlines the payment terms for goods or services, including the due date and any interest or penalties for late payment.
FOB Shipping Point
A term indicating that the buyer assumes responsibility for the goods and shipping costs once the goods leave the seller's premises.
Perpetual Inventory
An inventory management system where updates are made continuously to reflect items added or sold, providing a real-time view of inventory levels.
Freight In
Costs associated with transporting goods into a warehouse or to a business, typically recorded as part of inventory cost.
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