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Supermarkets

Terms that are in relation to the biggest kind of retail store.

Contributors in Supermarkets

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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