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1) "Overstock" -- As to overstock merchandise overstock
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Overstock.com logo Overstock.com (NASDAQ: OSTK) is an online retailer headquartered in Cottonwood Heights, Utah. Nearby Salt Lake City is commonly listed as the company's location in corporate filings and news accounts. Overstock.com is a leading online E-commerce marketplace, in which Internet users purchase surplus and returned, as well as new merchandise. Overstock.com was founded in 1997 under the name D2: Discounts Direct, and changed its name to Overstock.com in 1999. Roughly half of Overstock.com merchandise is sold on behalf of third parties - which include manufacturers, wholesalers and retailers - with standing business relationships with Overstock.com. The remainder is purchased by or manufactured specifically for Overstock.com. The company also purports to manage the inventory supply for other retailers, and says that it enables small retailers to purchase stock at below-wholesale prices. Overstock.com also functions as a marketplace for new merchandise at cut-rate prices. The company's distinctive television advertisements feature German actress Sabine Ehrenfeld. Overstock.com's main rivals are eBay, Amazon.com Marketplace and Yahoo! Auctions. In addition to its direct retail sales, Overstock.com has also offered online auctions on its website since September 24, 2004. The auction services include several features intended to enhance security, social networking and convenience. It has hosted charity auctions to benefit various causes. The company has received attention, not all of it favorable, stemming from CEO Patrick Byrne's battle against alleged naked short selling of his company's shares. Byrne has claimed that his company's shares have been attacked by "miscreants" in the stock market. Critics maintain that Byrne is seeking to divert attention from Overstock's share price declines and failure to turn a profit. Byrne has also sued a hedge fund, Rocker Partners, claiming it colluded with a research firm, Gradient Analytics, in short-selling the company. His claims have been vigorously denied. Naked short-selling was not alleged in that suit. [1] A Secu..."
2) "Merchandise" -- As to overstock merchandise 1mer·chan·dise
Pronunciation: 'm&r-ch&n-"dIz, -"dIs
Function: noun
Etymology: Middle English marchaundise, from Anglo-French marchandise, from marcheant
1 archaic : the occupation of a merchant : TRADE
2 : the commodities or goods that are bought and sold in business : WARES Pronunciation Symbols
In marketing, a product is anything that can be offered to a market that might satisfy a want or need. It is of two types: Tangible (physical) or Intangible (non-physical). Since services have been at the forefront of all modern marketing strategies, some intangibility has become essential part of marketing offers. It is therefore the complete bundle of benefits or satisfactions that buyers perceive they will obtain if they purchase the product. It is the sum of all physical, psychological, symbolic, and service attributes, not just the physical merchandise. All products offered in a market can be placed between Tangible (Pure Product) and Intangible (Pure Service) spectrum.
A product is similar to goods. In accounting, goods are physical objects that are available in the marketplace. This differentiates them from a service, which is a non-material product. The term goods is used primarily by those that wish to abstract from the details of a given product. As such it is useful in accounting and economic models. The term product is used primarily by those that wish to examine the details and richness of a specific market offering. As such it is useful to marketers, managers, and quality control specialists. A physical item that is offered for sale should not automatically be considered a product if it has no market. Like 95% of patents they are at best interesting diversions and at worst a waste of time. A service is a non-material or intangible product - such as professional consultancy, waitressing, or an entertainment experience.
Product management involves developing strategies and tactics that will increase product demand (referred to as primary demand) over the product's life cycle. One useful technique in understanding a product is the Aspinwall Classification System. It classifies and rates products based on five variables: - Replacement rate (How frequently is the product repurchased?)
- Gross margin (How much profit is obtained from each product?)
- Buyer goal adjustment (How flexible are the buyers' purchasing habits with regar..."
Further Data On Term for overstock merchandise
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