Glossary of Retailing Terminology - Index of L Terms
Learn more about the retail business by browsing this dictionary of retailing terminology. The following retail-related words on this page feature definitions of terms beginning with the letter L. For detailed descriptions, view the individual glossary entry page for each term.
Glossary Index: 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
Glossary Index: 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
Layaway
Layaway is the act of taking a deposit to store merchandise for a customer to purchase at a later date.
Layaway is the act of taking a deposit to store merchandise for a customer to purchase at a later date.
Loss Leader
Merchandise sold below cost by a retailer in an effort to attract new customers or stimulate other profitable sales.
Merchandise sold below cost by a retailer in an effort to attract new customers or stimulate other profitable sales.
Loss Prevention
Loss prevention is the act of reducing the amount of theft and shrinkage within a business.
Loss prevention is the act of reducing the amount of theft and shrinkage within a business.