What is consignment ?
Answers
Consignment :
Consignment is a business arrangement in which a business, also referred to as a consignee, agrees to pay a seller, or consignor, for merchandise after the item sells. Consignment businesses are typically retail stores that specialize in a particular type of consumer product.
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Answer:
Consignment is a business arrangement in which a business, also referred to as a consignee, agrees to pay a seller, or consignor, for merchandise after the item sells. Consignment businesses are typically retail stores that specialize in a particular type of consumer product. The business accepts items for sale and agrees to pay the seller a percentage of the proceeds if and when the goods do sell.
Common products sold through consignment, or second-hand, stores include:
Clothing
Shoes
Athletic equipment and gear
Baby furniture and accessories
Antiques and collectibles
Furniture
Toys
Musical instruments