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Explain following terms: 1. What is a merchandiser? 2. Perpetual inventory system 3. FOB destination point - Point of transfer 4. FOB shipping point -

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Explain following terms: 1. What is a merchandiser? 2. Perpetual inventory system 3. FOB destination point - Point of transfer 4. FOB shipping point - Point of transfer 5. Freight-in 6. Freight-out 7. purchase discounts 8. purchase returns and allowances 9. trade discount 10. Credit Terms

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