| A | B |
|---|
| Inventory | The total amount of goods a business |
| Purchasing Policy | Policy specifying the amount to purchase |
| Just In Time | A system, usually computerized, that links |
| Reorder Point | A number that indicates that new product |
| Shrinkage | The money a business loses due to broken, |
| Cost | What it costs your store to purchase a |
| Margin | The difference between your price and the |
| Revenue | The total sales (in dollars) of your store |
| Profit | The revenue of your store minus all |
| Cost-Oriented Pricing | Setting prices based on cost. Usually |
| Demand-Oriented Pricing | Setting prices based on what the |
| Competition-Oriented Pricing | Setting prices based on competitor’s prices. |
