What Is It Called When a Company Takes Delivery of Goods

question 65

Multiple Choice

What is it called when a company takes delivery of goods but pays for them at a later time?

• A) collateral
• B) trade credit
• C) a term loan agreement
• D) a charge account

---

Definitions:

Peter Drucker

A renowned management consultant, educator, and author, considered the founder of modern management.

Organisational Strategy

A plan of action designed to achieve a long-term or overall aim within an organization.

Macroenvironment

The external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies.

SWOT Analysis

A strategic planning tool used to identify a company's Strengths, Weaknesses, Opportunities, and Threats.