consignment selling
business
Quick Summary
Consignment selling is a business arrangement where individuals or businesses (consignors) entrust their goods to another party (consignee) for sale. The consignee then sells these items, typically in a store, and receives a portion of the sale price, while the original owner receives the remainder. This model is commonly used for items like clothing, furniture, and other pre-owned goods. The consignor retains ownership of the goods until they are sold.1
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