You Can Establish Your Creditability By

question 6

Multiple Choice

You can establish your creditability by:

• A) owning up to your motives at the very beginning of a conversation.
• B) having expertise in the area about which you are communicating.
• C) presenting all relevant information accurately.
• D) being honest.
• E) all of the above

Understand the implications of purchase discounts and sales discounts on financial transactions.

Understand the concept and calculation of the cost of goods purchased.

Recognize the importance and computation of the cost of goods available for sale.

Identify different incentives for prompt payment by customers.

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Definitions:

Operating Profit

The profit achieved from a company's core business operations, excluding deductions of taxes and interest.

Regular Price

The standard or usual cost of an item or service without any discounts, promotions, or special offers applied.

Operating Expenses

Definition: Costs associated with the day-to-day operations of a business, excluding cost of goods sold.

Sears

A former major American chain of department stores known for selling a wide range of products, from clothing to appliances.