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Product return. The return policy posted at a Target store. In retail, a product return is the process of a customer taking previously purchased merchandise back to the retailer, and in turn receiving a refund in the original form of payment, exchange .
A return merchandise authorization (RMA), return authorization (RA) or return goods authorization (RGA) is a part of the process of returning a product to receive a refund, replacement, or repair to which buyer and seller agree during the product's warranty period.
Product recall. A product recall is a request from a manufacturer to return a product after the discovery of safety issues or product defects that might endanger the consumer or put the maker/seller at risk of legal action. The recall is an effort to limit ruination of the corporate image and limit liability for corporate negligence, which can ...
For example, if a frequent customer returns 50% of her purchases, the vendor can leverage that data to better prepare on the back end. Perhaps the retailer caps that customer’s returns at a ...
Fraudulent product returns pose even more problems. ... In an effort to stem those losses, many retailers are tightening their return policies. Even some of the most traditionally lenient stores ...
Return fraud is the act of defrauding a retail store by means of the return process. There are various ways in which this crime is committed. For example, the offender may return stolen merchandise to secure cash, steal receipts or receipt tape to enable a falsified return, or use somebody else's receipt to try to return an item picked up from ...
The law of diminishing returns (also known as the law of diminishing marginal productivity) states that in productive processes, increasing a factor of production by one unit, while holding all other production factors constant, will at some point return a lower unit of output per incremental unit of input.
January is the prime month for holiday gift returns. While some returned products move through secondary markets after being bought from large retailers, more are discarded. "The cost to process ...
Rate of return pricing or Target-return pricing is a method of which a firm will set the price of its product based on their desired returns on said product. The concept of rate return pricing is very similar to return on investment however, in this circumstance the company can manipulate its prices to achieve the desired goal.
Return – Processes associated with returning or receiving returned products for any reason. These processes extend into post-delivery customer support. Enable – Processes being associated with the management of the supply chain. These processes include management of business rules, performance, data, resources, facilities, contracts, supply ...