Food Industry Glossary
Like every industry, the food industry has special terms we use to describe aspects of our business. This glossary can help newcomers learn terminology and help seasoned food industry experts keep up to date.
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Latest Additions:
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freight rate
The amount charged to ship merchandise. Rates are based on cost per 100 lbs or hundred weights (CWT), e.g., $2.00 CWT for 25 lbs based would be 50 cents per case.
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altruistic display
A product display that contains products from outside parties that did not pay for its manufacture or placement. Also used to describe the inclusion of a non-participating product within a store-wide seasonal program or other campaign.
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returns
Unsold, damaged, or defective merchandise sent to a supplier or distributor for credit or refund.
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price marker
The tool used to mark product prices.
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vertical display
See ribbon.
Additional Food Industry Knowledge
Stats and Facts from FMI’s Signature Operations Benchmarking Report
Jul 7, 2026
In its 77th year, The Food Retailing Industry Speaks 2026 report explores what’s happening in the food industry, including key factors in the business, operations challenges and innovative strategies....
Industry Topics address your specific area of expertise with resources, reports, events and more.
Our Research covers consumer behavior and retail operation benchmarks so you can make informed business decisions.
Events and Education including online and in-person help you advance your food retail career.
Food Safety training, resources and guidance that help you create a company food safety culture.
Government Affairs work — federal and state — on the latest food industry policy, regulatory and legislative issues.
Get Involved. From industry awards to newsletters and committees, these resources help you take advantage of your membership.
Best practices, guidance documents, infographics, signage and more for the food industry on the COVID-19 pandemic.
