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Supermarkets
Terms that are in relation to the biggest kind of retail store.
Industry: Retail
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Supermarkets
Avoid verbal orders (AVO)
Retail; Supermarkets
A management system that requires written notice of changes in policies and procedures.
Averaging cost
Retail; Supermarkets
A calculation that determines a product's current cost by adding a product's current cost to its replacement cost and dividing that sum by two.
Profitability
Retail; Supermarkets
A calculation of the profit of a product by the number of product turns and gross profit.
Food cost
Retail; Supermarkets
A calculation of the price of each ingredient used to prepare foods, such as potato salad.
Direct buyer
Retail; Supermarkets
A buyer who places orders directly with a manufacturer and bypasses a wholesaler.
European article number (ean 128)
Retail; Supermarkets
A bar code system and data format used for primary and secondary product identification in Europe.
Display pack
Retail; Supermarkets
A case of product packaged in such a way as to be ready immediately to display on the shelf as a unit.
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