Consignment is a traditional legal and accounting technical term for logistics and business management and describes a special form of delivery of goods. It is an arrangement in which goods are left with a third party to sell. The party that sells the goods on consignment receives a portion of the profits, either as a flat rate fee or commission. Selling via a consignment arrangement can be a low-commission, low-time-investment way of selling items or services. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set day limit before an item expires for sale. The presentation gives in-depth knowledge on the topic.

Aparika Sharma

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