A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

F

FICA
Abbreviation for Federal Insurance Contributions; social security taxes

Fixed Costs
Costs that are consistent from month to month, such as rent. Variable costs, such as utilities, can change.

Fixture
A piece of furniture or unit used to display merchandise.

Foot Traffic
The amount of pedestrians that pass by your door.

Free on Board (FOB)
The point at which shipping costs begin to the responsibility of the store rather than the vendor, usually written with the city or town that the shipment originates from.

Freight Allowance
Credit from a vendor toward shipping costs. Full freight allowance means that the supplier will pay the entire shipping cost. A percentage freight allowance is figured on the value of the goods.

Freight Claim
Request for reimbursement from a shipping company for goods lost or damaged during transit.

Frontage
The length of the store that faces a public street.

Fulfillment
The process of a vendor receiving and shipping an order received by a retailer.