| A | B |
|---|
| Productivity | The amount and the value of goods and services produced (outputs) from set amounts of resources (inputs) |
| Retailer | A business that buys consumer goods or services and sells them to the ultimate consumer |
| Purchase agreement | A purchase contract that lists the good(s) or service(s) to be purchased, the quantity to be purchased, the price, terms of delivery, payment information, warranty and guarantee information, and other details as needed |
| Purchase order | The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract |
| Purchasing | The buying of goods and services for a business |
| Purchasing process | A series of sequential steps taken by purchasing specialists to buy goods and services for a business |
| Services | Intangible activities that are performed by other people for money |
| Profit margin | A ratio of net profit (after taxes) divided by net sales that reflects the profit per dollar of sales |
