Acronyms & Definitions PDF

Acronyms & Definitions By Rania Boudawara Start! TERMS  ONLINE PLATFORM Place where demand and supply meet electronically  B2B Business-to-Business A form of transaction between businesses, such as one involving a manufacturer and wholesaler,...

Acronyms & Definitions By Rania Boudawara Start! TERMS  ONLINE PLATFORM Place where demand and supply meet electronically  B2B Business-to-Business A form of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer  BRODLINE A company that deals in high volume and offers a wide range of products and merchandise categories PALLET A bulk quantity of a particular product, and these products will be arranged and delivered on a pallet  CREDIT NOTE A financial document issued by supplier companies to reduce the amount owed to them by the buyers  OPEN BALANCE The total value of any outstanding invoices or credit notes PAYMENT CC Credit card COD Cash on delivery  CREDIT APPLICATION A form/online e-form that is used by a company to collect information about a potential customer's creditworthiness  ACH PAYMENT An electronic payment made from one bank to another  10% BANK AUTHORIZATION For the adjustment of the weight and it’s only the amount in the invoice that will be deducted  CRV (US) California Redemption Value Also known as California Refund Value, is a regulatory fee paid on recyclable beverage containers in the U.S. state of California The CRV refunds are: 5 cents for containers less than 24 ounces. 10 cents for containers 24 ounces or larger. 25 cents for wine or distilled spirits in a box, bladder, pouch, or similar container  KPI KEY PERFORMANCE INDICATORS GMV Gross Merchandise Value Value of merchandise that is sold through an e-commerce business over a period of time  ABV Average Basket Value The average amount spent by shoppers in one transaction = GMV/ ORDERS’ NB AA Auto-Active Customers Active clients that are placing their orders by themselves on the shop  DMC Decision Maker Contact It is a term used in sales outbound calling to show the correct level of decision makers that you reach UNITS US MARKET LB CT GAL Pound Count Gallon OZ GR KG Ounce Gram Kilogram US/UK MARKET CAL PT QT Caliber Pint Quart ML L CL Milliliter Liter Centiliter THANK YOU