Definition of Merchandise

Merchandise

All movable goods such as cars, textiles, appliances, etc. and 'f.o.b.' means free on board.

Balance of Merchandise Trade

The difference between exports and imports of goods.

MERCHANDISE INVENTORY

The value of the products that a retailing or wholesaling company intends to resell for a profit.
In a manufacturing business, inventories would include finished goods, goods in process, raw materials, and parts and components that will go into the end product.

Accounts Receivable

Money owed to a business for merchandise or services sold on open account.

Balance of Trade

See balance of merchandise trade.

Cost of goods sold

The cost of merchandise that a company sold this year. For manufacturing companies, the cost of raw
materials, components, labor and other things that went into producing an item.

Eurodollar

This is an American dollar that has been deposited in a European bank or an U.S. bank branch
located in Europe. It got there as a result of payments made to overseas companies for merchandise.

Free on board

Implies that distributive services like transport and handling performed on goods up to the
customs frontier of the economy from which the goods are classed as merchandise.

Revenue

Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term sales.

Sales

Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term revenue.

Trade Deficit

Deficit on the balance of merchandise trade.

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