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10 Cards in this Set
- Front
- Back
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Patnership
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Business in which in two or more persons combine there assets and skills.
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Partner
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each member of a patnership.
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Merchandising Business
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a business that purchases and sells goods.
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Retailing 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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good that a merchandising business purchases to sell
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Whole sale merchandising
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business a business that buys and resells merchandise to retail merchandising businesses.
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Cost of merchandise
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the price a business pays for good it purchases to sell.
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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 supplies or other assets or bougt
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Purchace invoice
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an invoice used as a source document for recording a purchase on account transaction.
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