Julie, Owner of a Bed and Breakfast Inn, Had Been

question 90

Multiple Choice

Julie, owner of a bed and breakfast inn, had been asked repeatedly to cater events. Once she realized her kitchen was not being used during the latter part of the day, she started the company. This change is an example of

• A) recognizing a popular trend, and riding the wave.
• B) combining two businesses into one to create a market opening.
• C) beginning with a problem in mind.
• D) cashing in on the sharing economy.

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Definitions:

Shipping Date

The shipping date is the specific day on which goods are dispatched from a seller to the buyer, initiating the delivery process.

Billing Date

The date on which the bill or invoice for goods or services is generated or issued.

Credit Period

The length of time a buyer is given to pay for goods or services received, often without incurring interest.

Discount Period

The time frame between the date of a bill of exchange or a deferred payment and its maturity date, when it becomes payable at a reduced rate.