Sale or Return

Posted in Marketing and Strategy Terms, Total Reads: 633

Definition: Sale or Return

It is an arrangement under which a shop can return goods which it is not able to sell. This is also referred to as consignment sales.

Under this practice, the goods will be shipped to the purchasing party. However the purchaser will pay for these goods only after they have been sold. If the goods are not sold, they will be returned to the supplier.

This eliminates the worry on the buyer’s part about the goods not getting sold, as he is not liable for their payment until their sale occurs.

For e.g. Books are generally sold on a sale or return basis.

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