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Not taking a stance on the main topic, but this isn’t entirely accurate. I worked at gas stations and managed a grocery store during my early days. It depended
by tracer4201 6y ago
Not taking a stance on the main topic, but this isn’t entirely accurate. I worked at gas stations and managed a grocery store during my early days. It depended on the product. With Frito Lay and Pepsi products, they’d often times put stuff on shelves and we’d only pay for what we sold. Similarly, for certain breads and packaged pastries and other items, anything that didn’t sell by the date on the package would get credited to the store. If the item didn’t sell, it’s not that we always just absorbed the cost.
- gamblor956 6y agoNone of what you said conflicts with how the transactions are actually characterized for legal, tax, and financial purposes. Suppliers often credit stores for unsold inventory if they want to maintain a relationship with the store. As most B2B transactions are paid via invoices on a net-terms basis, this may mean discounts on future orders or credits against outstanding invoices. But you're store already acquired those products.