Sale or return is a terms of trade in which the seller agrees to take back from the buyer any goods that have not been sold within a specified period. This strategy is commonly used in retail to reduce the risk to retailers of carrying unsold inventory.
Terms of Trade (TOT) is the economic concept that reflects the ratio between the prices at which a country sells its exports and the prices it pays for its imports. It indicates the relative efficiency of trade for a nation and can significantly impact its economic well-being.
