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glossary of business terms


E

E-commerce
Selling merchandise through a web site or via the Internet

Electronic Data Interchange (EDI)
A way of sharing data electronically rather than on paper. For instance, a link between a store's POS system and a vendor's computerized ordering system in which reorders can be placed automatically.

Electronic Funds Transfer System (EFTS)
A financial transaction in which funds can be immediately transferred from one account into another.

End Cap
Ends of long shelving units or freestanding gondola displays on which merchandise is highlighted. End caps are often at the end of aisles and are meant to attract customers' attention to certain products or promotions.

End of Month (EOM)
Inventory value at the end of the month, or an invoice payment term that means the bill is due at the end of the month in which the shipment was made

Exclusive
A merchandise line or item that is promised not to be sold to a nearby competitor or to other stores within a certain amount of time, or an item that is only availabole through one supplier as opposed to trade goods.

Expense
The cost of certain items, such as rent and utilities, that are needed to run a business, as opposed to the items sold through the business.