Work performed by people, equipment, technologies, or facilities. Activities are usually described by the action-verb-adjective-noun grammar convention. Activities may occur in a linked sequence and activity-to-activity assignments may exist. (1) In activity-based cost accounting, a task or activity, performed by or at a resource, required in producing the organization’s output of goods and services. A resource may be a person, machine, or facility. Activities are grouped into pools by type of activity and allocated to products. (2) In project management, an element of work on a project. It usually has an anticipated duration, anticipated cost, and expected resource requirements. Sometimes major activity is used for larger bodies of work.
Retailer vs Wholesaler vs Distributor vs Reseller – What’s the Difference?
April 22, 2025
Starting a new eCommerce business can feel like learning a new language. You’ll quickly encounter terms like retailer, wholesaler, distributor, and reseller. What do they all mean, and how do they differ? In simple terms, these labels describe different roles in the supply chain that gets products from the maker
