Bonded warehouses are storage spaces that are authorized and regulated by the country’s customs authority. These are used by businesses to store products to defer the payment of duties until the products are moved within the customs territory. These warehouses can facilitate international trade. There…

Distribution cost is the set of costs that a business incurs while delivering an order from its warehouse to the customer. This can include costs related to storage, packaging, transportation, and even customer service. Before we explore the components of distribution cost and techniques to…

A retail customer purchases products from a retailer for personal or business use. This customer can be an individual or a business entity as well. These customers mostly purchase in small quantities. In the US, retail contributes around $5.3 trillion to annual GDP. In this,…

A private label is a product that is produced by a third-party manufacturer to be sold by a retailer under its own name. This means that retailers may place the order to the manufacturers, and sell the products to the consumers. Retailers can state the…