The Administrative Management Society (AMS) is a professional management society that promotes the application of management methods in commerce and industry to increase productivity, lower costs, and improve quality. Additionally, it encourages research and emphasizes sound employer/employee relations.
Goods refer to commodities or items of commerce that are tangible and physical, and can be owned, sold, or exchanged in the marketplace, excluding real estate, choses in action, investment securities, or similar items.
The mercantile system, also known as Mercantilism, is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes governmental regulation of a nation's economy to augment state power at the expense of rival national powers.
A merchandise broker is an intermediary agent acting on behalf of merchandise buyers and sellers, earning commissions or fees for negotiating sales without taking possession of the goods.
A payment method refers to the means of payment employed by a customer when making a purchase or settling an invoice. Common payment methods include cash, check, money order, or credit card.
Sales price refers to the amount of money required to be paid or previously paid for property or a product. It is a crucial concept in business transactions, determining the financial outcome of sales activities.
A stockroom is an area or room where stock of goods, materials, and other supplies are maintained, often used in commercial and industrial settings for inventory management, storage, and organization.
An establishment used for the purpose of selling merchandise and services, usually at the retail level. Stores range in size from small boutique shops to large modern big box retailers.
A vendor is a seller, particularly one involved in the sale of real estate, but also encompassing suppliers, retailers, or street peddlers.
