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James Shores, future CMO at Fishbowl, discusses consignment in this video. It involves having your goods in another store without them being purchased yet, putting the risk on you. However, if managed properly, consignment can offer many benefits. For example, you can track and manage different product lines effectively, such as basic products, new product lines, and high-end items. Consignment allows you to test new markets and offer custom-made products.
