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11 Cards in this Set
- Front
- Back
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partnership
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business in which two or more persons combine their assets and/or skills
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partner
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each member of a partnership
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merchandising business
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a business that purchases and sells goods
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retail merchandising business
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a merchandising business that sells to those who use or consume the goods
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merchandise
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goods that a merchandising business purchases to sell
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wholesale merchandising business
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a business that buys and resales merchandise to retail merchandising businesses
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cost of merchandise
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the price a business pays for goods it purchses to sale
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markup
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the amount added to the cost of merchandise to establish the selling price
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vendor
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a business from which merchandise is purchased or supplied or other assets are bought
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purchase invoice
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an invoice used as a source document for recording a purchse on a an account transaction
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terms of sale
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an agreement between a buyer and a seller about payment for merchandise
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