Etymology. The name of the company derives from Rhode Island’s nickname, “The Ocean State”, and from “Job Lot”, which means a miscellaneous group of articles.
Contents
- 1 Where does the term job lot come from?
- 2 What is the difference between a job and a job lot?
- 3 What does Job Lot quantity mean?
- 4 What is a job lot process?
- 5 What is another word for job lot?
- 6 What is a job lot on Ebay?
- 7 What does Job Lot sell?
- 8 How are job ordering and process costing different?
- 9 What is the meaning of odd lot?
- 10 What do manufacturers produce?
Where does the term job lot come from?
Pretty reasonable guess: Since OED lot 2 = An item or set of items for sale at an auction: And since an an auctioneer’s auction for a specific customer = a job. All the worthless junk sold at the end of the auction is the job lot.
What is the difference between a job and a job lot?
Since each sign is identical, the print shop can print hundreds or thousands of them after the machines are properly set up. This would be considered a job lot. The job is printing the custom signs. When many of them are produced together, it becomes a job lot.
What does Job Lot quantity mean?
a large, often assorted quantity of goods sold or handled as a single transaction. a miscellaneous quantity; a quantity of odds and ends.
What is a job lot process?
A job lot is a distinctly identifiable batch of a product that is manufactured as a group. In a retail environment, the term refers to the sale of a disparate group of items that are sold in a single transaction, usually at a low price.
What is another word for job lot?
In this page you can discover 10 synonyms, antonyms, idiomatic expressions, and related words for job-lot, like: by lot price, reduced, at a cut rate, cheap, inventory, miscellaneous merchandise, miscellanea, mixed bag, and grab bag.
What is a job lot on Ebay?
Job lots are a grouping of items sold as a single lot. So, they are essentially an assortment of goods for sale as one quantity. So, you can get good returns on this inventory by buying it cheap and reselling it for higher!
What does Job Lot sell?
Ocean State Job Lot is a discount closeout retailer that sells a variety of products – from food, home decor and pet supplies to clothing, health essentials and beauty supplies – at discount prices.
How are job ordering and process costing different?
Job costing involves the detailed accumulation of production costs attributable to specific units or groups of units. Process costing involves the accumulation of costs for lengthy production runs involving products that are indistinguishable from each other.
What is the meaning of odd lot?
An odd lot is an order amount for a security that is less than the normal unit of trading for that particular asset. Odd lots are considered to be anything less than the standard 100 shares for stocks.
What do manufacturers produce?
A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers.
