Match the Following Terms with Their Descriptions Below

question 25

Multiple Choice

Match the following terms with their descriptions below. (Terms may be used more than once.)
-The legend name that may vary from manufacturer to manufacturer

• A)chemical name
• B)trade name
• C)generic name
• D)official name
• E)OTC name

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Definitions:

Production Output

The total quantity of goods and services produced in a given time period by a firm or country.

Cash Sales Policy

A cash sales policy is a business approach where transactions are conducted strictly on a cash basis, without offering credit to customers.

Discount Period

The discount period is the time frame in which a payment can be made at a discounted rate from the regular price or before it becomes due.

Percentage Cost

The cost of a financial transaction or investment expressed as a percentage of the total amount.