Your go-to guide for terms Marketplace Management uses to describe the product and its various functions.
Bundle
A group of items, sometimes known as a kit, that is sold together under one SKU.
Categorization
Each sales channel differs in how they group products on their site. Categorization refers to the channel-specific grouping assigned to your listings, or the mapping that you have created for your products.
Cost
The price assigned to an item by a distributor or manufacturer. Cost can also include shipping (to help include shipping in the calculation of dynamic min and max pricing).
Dynamic Minimum/Maximum
Marketplace Management can take certain fields from your inventory and add Amazon fees (plus a markup percentage) to calculate Minimum Price. If your Cost regularly changes, setting a Dynamic Minimum is beneficial, as it will help you alleviate the need to re-calculate minimum and maximum prices when updating Costs.
Listing Workspace
The section of Marketplace Management is where you go to manage how items in your product catalog appear on marketplaces. This is also where you will go to manage channel-specific information.
Maximum Price
The highest Price you are willing to sell an item for. In Marketplace Management, this is not a mandatory field. However, it is highly suggested that a Maximum Price be included when using an Algorithmic Buy Box pricing strategy.
Minimum Price
The lowest you are willing to sell an item for and still make a profit. This is the lower boundary of a pricing strategy. Marketplace Management will not reprice below this number.
Preferred Price
The price Marketplace Management will automatically default to when there is either no competition on a listing or no eligible competition as set by your pricing strategy settings.
Products Workspace
The section of Marketplace Management is where you go to manage your product catalog. Product level fields are SKU, Product ID, Description, Image, Brand, Bundle Relationship, Manufacturer, variations, Vendor, Cost, and Quantity.
SKU Pane
A slide-out menu for editing all aspects of your products and listings.
Variation
A set of products related to each other. Most variations are broken down by size or color.