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Depreciation:
The gradual erosion of the usability and value (possibly due to obsolescence) of
an enterprise's fixed assets. In some cases depreciation can be declared as a
tax deduction.
Direct Sales Method:
Selling direct to the end user with promotional efforts using advertising,
direct mail or telephone sales.
Distributor:
An enterprise that purchases your products for resale to their customers who are
usually retail outlets. The distributor expects to receive a significant price
discount for providing the distribution service.
Distributor Channel:
The path your product follows to be delivered to the end user. This may be
through distributors, retail outlets, self service outlets, vending machines,
telephone sales, direct mail sales, etc.
Fashion Goods:
Goods where style is important and price is secondary. These products could
include clothing, jewelry, furniture, draperies, and dishes, but can sometimes
be stretched into other areas such as umbrellas, walking canes, cigarette
holders, etc.
Fixed Assets:
Sometimes called long term assets, these are usually non-liquid assets that are
integral to the enterprise's day-to-day business operations such as plants,
equipment, furniture and real estate.
Fixed Cost:
The day-to-day cost of doing business that is pre-committed, such as salaries,
insurance, lease expenses, utilities, etc.
Full Service Retail Sales Method:
Aselling from a sales outlet directly to the end user at retail prices with sales
personnel who can explain the purpose and value of the product or service.
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