Circular Economy
Is an economic system that encourages the elimination of waste and the continual use of resources. In this system, the goal is to make, buy, and then resell. Products enter the system at their highest value, then after their initial use, the products are resold on the secondary market.
Other resale terms
- Antique
- API (Application Programming Interface)
- Appraisal
- Auction House
- Brick & Mortar
- Buyout
- Commission
- Commission Structure
- Condition
- Consignment
- Consignor
- Customer-to-Business Transaction (C2B)
- Dealer
- E-commerce
- Estate Sale
- Fair Market Value
- Insurance Value
- Linear Economy
- Managed Marketplace
- Offer option
- Pawnshop
- Peer-to-Peer Marketplace (P2P)
- Pre-owned
- Pricing Strategy
- Primary Market
- Recommerce
- Replacement Value
- Resell Interface
- Retailer
- Secondary Market
- Sell-through rate / Sales turnover
- Software as a service (SaaS)
- Target markup
- Thrift Shop
- Trade-in
- Vintage