Consignment is a business arrangement where goods are placed in the care of a third party, who sells them on behalf of the owner and takes a commission. Learn how consignment works, its benefits and challenges, and the types of products sold through consignment . Consignment is a business arrangement between a consignor (owner) and a third party (consignee) who sells the goods for a fee. CONSIGNMENT definition: 1. an amount of goods that is sent somewhere: 2. If goods are on consignment , the person or…. Learn more. The term Consignment is a core concept under business. Get to know the definition of Consignment , what it is, the advantages, and the latest trends here.
