Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Backorder

Updated on 2023-08-29T11:55:14.751106Z

Every company operates with limited resources to perform various business activities. Under this framework, it is possible that a company receives bulk orders from customers. In this situation, the companies ask a wholesaler or a supplier for additional stock to satisfy customers’ needs. These orders are termed as backorder.