H100 Vocabulary Project

H100 Vocabulary - 1 Competitor Definition One selling or buying goods or services in the same market as another Connection Companies selling the

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1. Competitor Definition: One selling or buying goods or services in the same market as another. Connection: Companies selling the same good are all in competition with each other and all use different marketing strategies to gain the interest and purchase of/from the consumer. 2. Costing/ Cost Etymology: Middle English, from Anglo French custer , couster, from Latin constare to stand firm. Definition: To require expenditure or payment, require effort, suffering or less, to have a price of. Connection: Companies must set a cost for an item depending on other components associated such as labor cost, manufacturer’s cut, profit, materials, etc. . 3. Design Etymology: Middle English to outline, indicate, mean, from Anglo French and Medieval Latin: Anglo French designer to designate, from Medieval Latin designate from Latin, to mark out. Definition: To create, fashion, execute, or construct, according to plan, to make a drawing, pattern or sketch of. Connection: This can be perceived as the very first step in the retail cycle considering every item or textile must be designed in order to exist. 4. Distributor Definition: One that distributes, one that makes a commodity, especially a wholesaler. 5. Wholesaler Definition: A merchant middleman who sells chiefly to retailers, other merchants, or industrial, institutional and commercial users, mainly for resale and business use. Connection: A wholesaler or distributor sells goods for resale or business use usually
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This note was uploaded on 01/24/2011 for the course H 100 taught by Professor Debchristensen during the Fall '07 term at Indiana.

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H100 Vocabulary - 1 Competitor Definition One selling or buying goods or services in the same market as another Connection Companies selling the

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