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New Old Stock
New old stock (NOS), or old stock for short, refers to aged stock of merchandise that was never sold to a customer and still new in original packaging. Such merchandise may not be manufactured anymore, and the new old stock may represent the only current source of a particular item.
retrieved on 2008-10-20.
There is no consensus on how old a product must be to be NOS, and some people reserve an NOS label only for products that are actually discontinued. Although not an officially recognized accounting term, it is in common use in the and industries. For example, owners of classic, vintage, and antique vehicles s ...
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Auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading, ...
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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 prov ...
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Do-it-yourself
"Do it yourself" ("DIY") is the method of building, modifying, or repairing things by oneself without the direct aid of professionals or certified experts. Academic research has described DIY as behaviors where "individuals use raw and semi-raw materials and parts to produce, transform, or reconstruct material possessions, including those drawn from the natural environment (e.g., landscaping)". DIY behavior can be triggered by various motivations previously categorized as marketplace motivations (economic benefits, lack of product availability, lack of product quality, need for customization), and identity enhancement ( craftsmanship, empowerment, community seeking, uniqueness). The term "do-it-yourself" has been associated with consumers since at least 1912 primarily in the domain of home improvement and maintenance activities. The phrase "do it yourself" had come into common usage (in standard English) by the 1950s, in reference to the emergence of a trend of people und ...
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Mint Condition
Mint condition is an expression used to denote the quality of a pre-owned good as displaying virtually no imperfections and being in pristine condition relative to its original production state. Originally, the phrase related to the way collectors described the condition of coins. As the name given to a coin factory is a "mint", then ''mint condition'' is the condition a coin is in when it leaves the mint. Variations The term ''mint condition'' may be used to describe a variety of collectible items, including action figures, dolls, toys, stamps, records, comic books, video games and similar items. The term may have a slightly different meaning in each case. For instance, when describing trading cards, "perfect" condition is used to describe the condition as it is when pulled from a pack, while "mint" would be new but opened. Similar gradations of mint condition exist for other collectibles based on their specific characteristics. For example, a postage stamp may be mint or ...
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Original Equipment Manufacturer
An original equipment manufacturer (OEM) is generally perceived as a company that produces non-aftermarket parts and equipment that may be marketed by another manufacturer. It is a common industry term recognized and used by many professional organizations such as SAE International, ISO, and others. However, the term is also used in several other ways, which causes ambiguity. It sometimes means the maker of a system that includes other companies' subsystems, an end-product producer, an automotive part that is manufactured by the same company that produced the original part used in the automobile's assembly, or a value-added reseller.Ken Olsen: PDP-1 and PDP-8 (page 3)
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Automotive parts

When referring to auto parts, OEM refers to the manufact ...
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Contexts For Auctions
''Contexts'': ''Understanding People in their Social Worlds'' is a quarterly peer-reviewed academic journal and an official publication of the American Sociological Association. It is designed to be a more accessible source of sociological ideas and research and has been inspired by the movement towards public sociology. Sections of the Journal * Backpage * Books * Culture * Feature * From the Editors * In brief * Q&A * Teaching and Learning * Trends * Viewpoints History The journal was established in 2002 by Claude Fischer and is published by SAGE Publications; until 2011, it was published by the University of California Press. Fischer was succeeded by Jeff Goodwin and James M. Jasper, who edited the journal from 2005 to 2007, injecting a certain amount of controversial humor such as New Yorker cartoons and a column written by "Harry Green" (actually Jasper) called "The Fool." The current editors are Rashawn Ray ( University of Maryland-College Park) and Fabio Rojas (In ...
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