Licenser
the owner of a merchandising property
Licensee
the buyer of the right to use a merchandising property... the right to produce or source merchandise that will carry the merchandising property.
Copyright law
covers literary, musical, and artistic works and software and gives the owner of the creative work the right to keep others from using it without permission. To be copyrightable, a creative work must be original and expressed on paper, audio or videotape,
Trademark law
covers words, pictures, symbols, industrial designs, and other forms of intellectual property used to distinguish a product from the competition
Patent law
grants a monopoly for a limited period of time for the use and development of inventions.
Lean Manufacturing
emphasizes efficiency, economy of scale, and reducing costs throughout the entire process, while also improving quality. Basic items
Agile Manufacturing
focuses on production flexibility and speed, small runs, and quick changeover from one product to another. Fashion Items
Bureaucracy
administrative system leading any large institution or government
corruption
abuse of public office for private gains
legal system
a system of interpreting and enforcing the laws in a country
FOB Cost (free on board)
reflects all materials and production costs as well as loading the goods on board a vessel at the foreign port of export.
CIF Cost (cost, insurance, freight)
reflects the cost of goods as well as insurance and freight to the port of destination. The sourcing firm is responsible for paying import duty customs clearance fees a the port of destination and inland transportation to the customer's DC
LDP Cost (landed duty paid)
includes the cost of goods, insurance, freight, duty, and customs clearance. The vendor owns the products and is responsible for all costs and operations until the goods are cleared by the customs at the port of destination.