Definition of Sold on order

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TeachMeFinance.com - explain Sold on order




historic definition...

Sold on order -- A term applied to goods for which an order has been received by the seller and which have not yet been delivered or which are to be delivered in the future. For instance, a wholesale dealer may sell on order goods yet to be received by him ; or a mill manufacturing woolen goods or cotton goods may sell on order its output for three months (for three months ahead) in other words, it may sell goods not yet produced the production of which will take three months.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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