GLOSSARY
VENDOR- A PERSON OR COMPANY OFFERING SOMETHING FOR SALE, ESPECIALLY A TRADER IN THE STREET.
FLEXIBILITY- THE ABILITY TO BE EASILY MODIFIED.
DUTY- A TAX PAID TO THE GOVERNMENT ON ITEMS YOU BRING INTO THE COMPANY.
COMPONENTS- A PART OR ELEMENT OF A LARGER WHOLE, ESPECIALLY PART OF A MACHINE OR VECHILE.
FREIGHT- GOODS TRANSPORTED IN BULK, BY TRUCK, TRAIN, SHIP OR AIRCRAFT.
STRATEGY- A DETAILED PLAN OF ACTION FOR ACHIEVING SUCCESS.
DEAD STOCK- MERCHANDISE THAT HAS NEVER BEEN INVENTORY FOR A WHILE.
NICHE RETAILING- THE PRACTISE OF SELLING ONLY TO A SPECIFIC MARKET SEGMENT.