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Encyclopedia

Pricelist

Nowadays, customers are conscientious when it comes to how they spend their money. For most goods and services there are plenty of options to choose from, and that makes competitive and readily available price lists more important than ever. A … Read More

Private Label

There are multiple private label definitions but at its simplest, a private label is a product sold under the name of a retailer and produced by a contractor or third-party manufacturer. In a private label transaction, the retailer recommends to … Read More

Purchase Contract

A purchase contract, or purchase agreement, is a legally binding contract between a purchaser (e.g. a retailer) and a seller (e.g. a wholesaler). The contract transfers the ownership of products from a seller to a buyer and outlines the different … Read More

Purchase Order

A purchase order (PO) is an official business document issued by a buyer to a seller promising to buy some specified good at a certain price soon. This grants the buyer the advantage of placing an order without having to … Read More