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Wholesale 101: A Guide to Product Sourcing for Entrepreneurs and Small Business Owners : A Guide to Product Sourcing for Entrepreneurs and Small Business Owners by Jason Prescott

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Appendix BThe Jargon behind International Trade

 

THE FOLLOWING definitions can serve as your own personal translator whenever you encounter jargon that you aren’t familiar with while sourcing products. This resource covers terms for sourcing, international trade, the wholesale industry, packing, and shipping.

Sourcing Terms

B2B trade platforms Business-to-business vertical search engines that connect buyers and sellers in global and domestic trade. These online marketplaces provide tools that are necessary to facilitate communication between retailers/resellers and wholesalers/manufacturers.

MOQ The smallest quantity of a product that a supplier requires you to buy in a single purchase.

Product sourcing The act of finding products from wholesalers ...

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