Minimum Advertised Price (MAP)
Minimum Advertised Price (MAP) is the lowest price a reseller is able to sell a product for.
Glossary for Industry Terms
Learn industry terms, acronyms, phrases and more!
Browse the topics in our Glossary below to learn about the terms, acronyms and abbreviations that are used in business.
If you can’t find the term or phrase you’re looking for, use the search above for a list of related topics.
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Distribution Center – DC
A Distribution Center (or DC) is a facility that operates as a connection in the logistics chain for order fulfilment.
Top of Production – TOP
Top of Production (TOP) samples are the first items off the production line that are checked for quality control.
Work-in-Progress (WIP)
Work-in-progress, or WIP, refers to a type of good that is unfinished—products that require further processing in order to turn them into their intended final or completed form.
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