Following is a list of important terms frequently encountered on Amazon Marketplace β
- Amazon Price Calculator β Pre-designed calculators by Amazon which are well equipped to help the sellers in determining their total profit on items after shipment and all monetary transactions.
- Amazon Seller Central β Amazon Seller Central is the web interface used by merchants to manage their orders.
- ASD (Amazon Seller Desktop) β ASD is a Windows desktop software application enabling sellers who prefer working offline to easily list their products on Amazon.
- ASIN (Amazon Standard Identification Number) β A unique block of 10 letters and/or numbers that identify items on Amazon.
- BMVD (Books, Music, Video, and DVD) β BMVD are media products including books, music, videos, DVDs, etc.
- Buy Box β Amazon selected seller for the customers.
- Consumer Electronics β Electronic equipment intended for an everyday use.
- Demand β It refers to how much (quantity) of a product is desired by buyers at various prices.
- E-Commerce β Electronic commerce, commonly written as e-commerce is the trading of products by using computer networks, such as the Internet or online social network.
- FBA (Fulfillment by Amazon) β An Amazon service which allows you to store your products in Amazon’s fulfillment centers. Amazon picks, packs, ships, and provides customer service for the products.
- SKU (Stock Keeping Unit) β Number given to each individual item that enters the Amazon family.
- FNKSU β Fulfillment Network SKU. It identifies both the item and its merchant.
- Free Shipping β Shipment of an order without charging the fees for delivering it to the customer.
- GTIN (Global Trade Item Number) β An identifier for trade items to look up product information in a database (often by entering the number through a bar code scanner pointed at an actual product) which may belong to a retailer, manufacturer, collector, researcher, or other entity.
- Inventory β A complete list of items such as property, goods in stock.
- ISBN (International Standard Book Number) β A unique numeric identifier for each book. An ISBN is assigned to each edition and variations of a book (except reprinting).
- Margin β The gross profit between the cost to make a product and its selling price.
- Order β A commercial transaction for a buyerβs intention to purchase.
- Price β The amount a customer pays for an item, the list price minus any discount.
- Product Detail Page β The page where customers read details about a product for sale on Amazon.com, including its name, ASIN, image, price, description, customer reviews, and ordering options.
- Quantity β The amount of product people are willing or able to buy at a certain price.
- Referral Fee β The fee that you pay Amazon for referring the sale to you and for providing access to a massive audience.
- Variable Closing Fee β Fee charged by Amazon on the sale of each item.
- Return β Sending back of the product by customers when they are dissatisfied with the purchase.
- Revenue β The money paid to Amazon or a third-party vendor for the purchase of products.
- Search Box Link β A link through which visitors can use Amazon’s powerful search engine to locate products they are interested in.
- Seller β Whoever fulfills the order, whether Amazon or a third-party merchant.
- UPC (Universal Product Code) β A specific type of barcode to identify products universally.
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