A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

R

Ready to Assemble (RTA)
Merchandise sold unassembled; often furniture.

Receipt of Goods (ROG)
An invoice term that is used to determine the date the bill must be paid. For instance, net 30 ROG means the bill must be paid 30 days from the date the goods are received.

Receivables
Money owed the business, such as payments from customers paying on credit; considered assets in financial terms.

Receiving
An area in a store where shipments arrive and are processed.

Reconcilliation
At the end of the day, making sure the total cash, checks and charges match the register's totals, or when reviewing bank statements, making sure the statements are correct.

References
Companies from which you have purchased items on credit that are willing to share their history with other suppliers to establish your credit.

Resale Number
A state-issued identification number that allows a business to buy merchandise to resell without paying sales tax on it.

Restocking Charge
A fee charged for taking back merchandise.

Retail Price
The price a store owner places on an item when they offer it for sale to the consumer; it is determined by taking the wholesale price and adding a markup.

Return Authorization (RA) Number
A code number that shows that the vendor will take back the merchandise.

Return on Investment (ROI)
The financial gain from a business move or advertisement taking into account the amount invested into it.

RFID
Abbreviation for Radio Frequency Identification; an electronic method of collecting data in which an electronic tag or chip is attached to an item and a transponder records the data as the chip is based by. RFID technology can be used to track orders, control inventory, check prices, etc.