The Terms 2/10, Net/30 Mean That a 2 Percent Discount

question 189

True/False

The terms 2/10, net/30 mean that a 2 percent discount is allowed on payments made within the 10 days discount period.

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Definitions:

Sales Call Planning

The process of preparing to approach a prospect attempting to make a sale.

Closing The Deal

The final step in a sales process where terms are agreed upon, and the transaction is completed.

Customer Profile

A detailed description of a business's typical or ideal customers, including demographics, buying habits, and preferences, used to tailor marketing and sales efforts.

Formal Presentation

A structured, planned presentation often used in professional settings to inform, persuade, or report to an audience.