Prototype
What is a prototype? A prototype is a basic and experimental sample of a product
Glossary for Industry Terms
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Third Party Logistics – 3PL
Third Party Logistics (3PL) is the use of a contracted services company who specializes in the picking, packing and dispatch of goods.
Manufacturer’s Suggested Retail Price (MSRP)
Manufacturer’s Suggested Retail Price (MSRP) is the sell price a supplier sets for their product or service.
Landed Duty Paid (LDP)
Landed Duty Paid (LDP) price is the final amount paid by a buyer for the goods they have had manufactured.
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