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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