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Industry research shows that outside order getters, or field service representatives, spend 36 percent of their time selling, and another 15 percent is devoted to
Accounts Receivable Financing
A type of financing arrangement in which a company uses its receivables as collateral for a loan, effectively selling its right to future payments in exchange for immediate cash.
Factored Receivables Financing
A financial transaction in which a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.
Banker's Acceptance
A short-term financial instrument issued by a company that is guaranteed by a commercial bank, commonly used in international trade.
Inventory Period
The average time it takes for inventory to be sold and replaced during a given period.
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