Product Identification

Stockkeeping Unit (SKU)
A Stockkeeping Unit (SKU) is a unique identifier for each distinct product and service that can be purchased. It helps in tracking inventory and simplifying sales processes.
Stockkeeping Unit (SKU)
A Stockkeeping Unit (SKU) is a unique identifier or code, typically alphanumeric, assigned to a product to distinguish it from all other products in a merchant's inventory. It facilitates tracking, managing, and organizing stock effectively.
Universal Product Code (UPC)
The Universal Product Code (UPC) is a unique number used to identify a product and is translated into barcodes, consisting of a series of vertical parallel bars. This code is primarily used for scan entry by electronic cash registers to streamline product sales and inventory tracking.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.