Discounts for Early Payments Are Offered to Encourage Customers to -

question 38

Multiple Choice

Discounts for early payments are offered to encourage customers to -

• A)buy more goods or services
• B)buy on account and pay later instead of paying at the time of the purchase
• C)settle their accounts on time
• D)avoid using their credit cards for purchases

---

Definitions:

Social Entrepreneurs

Entrepreneurs who focus on developing businesses and initiatives that aim to address and solve societal and environmental issues.

Socialistic Economies

Economic systems where the means of production, distribution, and exchange are owned or regulated by the community as a whole.

Free Market Economies

Economic systems where prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Global Governments

Collective term for the official governing bodies of countries and nations around the world, each with its own system of management and regulation.