Vocabulary Chapter 10
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| partnership | a business in which two or more persons combine their assets and skills
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| partner | how each member of a partneship is called
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| merchandising business | a business that purchases and sells goods
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| retail merchandising business | a merchandising bussiness that sells to those who use or consume the goods
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| merchandise | goods that a merchandising business purchases to sell
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| wholesale merchandising business | a business that buys and resells merchandise to retail merchandising business
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| cost of merchandise | the price a business pays for goods it purchases to sell
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| markup | the amount added to the cost of merchandise to establish the selling price
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| vendor | a business from which merchandise is purchased or supplies or other assets are bought
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| purchase invoice | an invoice used as a resource document for recording a purchase on account transaction
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| terms of sale | an agreement between a buyer and a seller about payment for merchandise
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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