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Cash And Carry (wholesale)
Cash and Carry (or "Inspect and Pay") wholesale represents a type of operation within the wholesale sector. Overview The main features of cash and carry are summarized best by the following definitions: *Cash and carry is a form of trade in which goods are sold from a wholesale warehouse operated either on a self-service basis or on the basis of samples (with the customer selecting from specimen articles using a manual or computerized ordering system but not serving themselves) or a combination of the two. *Customers (retailers, professional users, caterers, institutional buyers, etc.) settle the invoice on the spot in cash and carry the goods away themselves. *There are significant differences between "classical" sales at the wholesale stage and the cash and carry wholesaler: namely ''cash and carry'' customers arrange the transport of the goods themselves and pay for the goods on the spot, rather than on credit. *Access to purchase at a cash and carry is typically limited to ope ...
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Beverwijk Opening 16 April 2013 097
Beverwijk () is a municipality and a city in the Netherlands, in the province of North Holland. The town is located about northwest of Amsterdam in the Randstad metropolitan area, north of the North Sea Canal very close to the North Sea coast. A railway tunnel and two motorway tunnels cross the canal between Beverwijk and the nearby city of Haarlem on the south side of the canal. Around 1640, a town called Beverwyck was founded in the Dutch colony of New Netherland. That town's modern name is Albany, New York. Population centres The municipality of Beverwijk consists of two cores, Beverwijk proper and Wijk aan Zee, to the west, right on the coast. History The name Beverwijk comes from ''Bedevaartswijk'', meaning "pilgrimage neighbourhood". The town formed at the Saint Agatha Church which was a pilgrimage location in the Middle Ages. Allegedly Agatha of Sicily appeared there in the 9th century to a virgin from Velsen who was fleeing from the Count of Kennemerland. In 1276, ...
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Wholesaling
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacture or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit. According to the United Nations Statistics Division, ''wholesale'' is the resale of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. Wholesalers frequently physically assemble, sort, and grade goods in large lot ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Cash
In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets. Etymology The English word "cash" originally meant "money box", and later came to have a secondary meaning "money". This secondary usage became the sole meaning in the 18th century. The word "cash" derives from the Middle French ''caisse'' ("money box"), which derives from the Old Italian ''cassa'', and ultimately from the Latin ''capsa'' ("box").. History In Western Europe, after the fall of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of mone ...
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Credit (finance)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from pa ...
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Delivery (commerce)
Delivery is the process of transporting goods from a source location to a predefined destination. Cargo (physical goods) is primarily delivered via roads and railroads on land, shipping lanes on the sea, and airline networks in the air. Certain types of goods may be delivered via specialized networks, such as pipelines for liquid goods, power grids for electrical power and computer networks such as the Internet or broadcast networks for electronic information. Car transport is a particular subgroup; a related variant is Autorack, which involves transport of autos by railroads. Delivery is a fundamental component of commerce and trade, and involves transport and distribution. The general process of delivering goods is known as distribution, while the study of effective processes for delivery and disposition of goods and personnel is called logistics. Firms specializing in delivering commercial goods from the point of production or storage to their point of sale are genera ...
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1920s
File:1920s decade montage.png, From left, clockwise: Third Tipperary Brigade Flying Column No. 2 under Seán Hogan during the Irish War of Independence; Prohibition agents destroying barrels of alcohol in accordance to the 18th amendment, which made alcoholic beverages illegal in the United States throughout the entire decade; In 1927, Charles Lindbergh embarks on the first solo nonstop flight from New York to Paris on the Spirit of St. Louis; A crowd gathering on Wall Street after the 1929 stock market crash, which led to the Great Depression; Benito Mussolini and Fascist Blackshirts during the March on Rome in 1922; the People's Liberation Army attacking government defensive positions in Shandong, during the Chinese Civil War; The Women's suffrage campaign leads to numerous countries granting women the right to vote and be elected; Babe Ruth becomes the most famous baseball player of the time., 420px, thumb rect 1 1 298 178 Irish War of Independence rect 302 1 572 178 ...
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Lawrence Batley
Lawrence Batley OBE (15 February 1911 – 27 August 2002) was an entrepreneur and philanthropist who was born in the town of Huddersfield, in the English county of Yorkshire. He pioneered the wholesale cash and carry business in UK, and supported local endeavours in arts, education and sports. Leaving school at the age of 14, Batley worked in a solicitor’s office, the insurance business, the Royal Air Force, and the pharmaceuticals business. His biggest contribution to business was when he founded "Batley's Cash and Carry"; he claims to be the first to use the phrase and the concept of "cash and carry", and his idea became popular, bringing a whole new way of working to retailers across the UK. He put his success down to daily two-hour siestas between 12pm-2pm. In later life, Batley sponsored the Lawrence Batley Seniors (a veterans golf competition), the Lawrence Batley Stand at the Galpharm Stadium for its first 10 years, the Lawrence Batley Theatre and the National Arts Edu ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Guardian News And Media
Guardian Media Group plc (GMG) is a British-based mass media company owning various media operations including ''The Guardian'' and ''The Observer''. The group is wholly owned by the Scott Trust Limited, which exists to secure the financial and editorial independence of ''The Guardian'' in perpetuity. The Group's 2018 annual report (year ending 1 April 2018) indicated that the Scott Trust Endowment Fund was valued at £1.01 billion (2017: £1.03bn). History The company was founded as the Manchester Guardian Ltd. in 1907 when C.P. Scott bought ''The Manchester Guardian'' (founded in 1821) from the estate of his cousin Edward Taylor. It became the Manchester Guardian and Evening News Ltd when it bought out the ''Manchester Evening News'' in 1924, later becoming the Guardian and Manchester Evening News Ltd to reflect the change in the morning paper's title. It adopted its current name in 1993. In 1991, it had a 20% stake in a consortium which included London Weekend Television, ...
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Warehouse Club
A warehouse club (or wholesale club) is a retail store, usually selling a wide variety of merchandise, in which customers may buy large, wholesale quantities of the store's products, which makes these clubs attractive to both bargain hunters and small business owners. The clubs are able to keep prices low due to the no-frills format of the stores. In addition, customers may be required to pay annual membership fees in order to shop. Membership in a warehouse club superficially resembles that in a consumers' cooperative, but lacks key elements including cooperative ownership and democratic member control. The use of members' prices without cooperative ownership is also sometimes used in bars and casinos. History In 1971, the Great Atlantic and Pacific Tea Company (A&P) opened their very first Warehouse Economy Outlet (WEO), a warehouse format that only lasted a few years. In 1976, Sol Price (who in 1954 founded FedMart, an early US discount store) and his son Robert Pric ...
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