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Retail

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  • May 5, 2023

    What is Sales Tax?

    Sales tax is a consumption tax imposed by the government on the sale of goods and services at the point of purchase. It is typically charged as a percentage of the retail cost, and the responsibility of collecting and remitting...

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  • May 5, 2023

    What are private label (store brand) products?

    Private label products are those created by a third-party manufacturer but sold under a retailer's own brand name. This practice allows the retailer to have complete control over various aspects of the product, including its specifications, packaging, and overall presentation....

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  • May 5, 2023

    What is consignment mean in retail?

    Consignment is a business arrangement between a supplier, known as the consignor, and a retailer, referred to as the consignee. In this arrangement, the consignor provides their products to the consignee, who then sells the products on their behalf. The...

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  • May 5, 2023

    What is DTC (Direct-To-Consumer) for brands?

    In the world of commerce, businesses have traditionally been categorized by their sales models, such as B2B (business-to-business), B2C (business-to-consumer), and D2C (direct-to-consumer). Each model has its unique characteristics and advantages.Direct-to-Consumer (D2C) is an e-commerce strategy that allows manufacturers to...

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  • May 5, 2023

    What are chargebacks for retail stores?

    Chargebacks are a crucial aspect of consumer protection, allowing customers to dispute and reverse charges made on their credit or debit cards. This process is typically initiated when a customer feels that a transaction was fraudulent, the goods or services...

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