| A | B |
|---|
| Purchase Order | A contractual agreement outlining price and quanity of product and shipping and payment terms. |
| Invoice | A bill that outlines specifically the quantity of items that were shipped. Prepared at the time that the merchandise is packed and shipped. |
| Wholesale | Often referred to as the cost price, it is the price that is quoted to the retailer. |
| Return to Vendor (RTV) | Form used to return merchandise that also specifically outlines price, quantity, shipping and authorization terms. |
| Cost Price | The price at which the manufacturer sells the product to the retailer. |
| Retail Price | The price the consumer pays. |
| List Price | A price established by the manufacturer for the consumer so there will be consistency and credibility in pricing. |
| Unit Price | Price per item or unit. |
| Extended Amount | Total value of units or quantity ordered multiplied by the individual price at both cost and retail. |
| Manufacturer | Vendor, supplier, designer, or wholesaler, the person or company from whom the store is buying the merchandise or products. |
| Buyer | The store or company buying from the manufacturer or vendor. |
| Consumer | A person purchasing the merchandise in a retail store. |
| Remitted | Sent in, or paid. |
