Match the Following Terms with Their Definitions

question 71

Multiple Choice

Match the following terms with their definitions.
-Chain discount

• A)Criteria on invoice
• B)Seller pays cost of freight
• C)Could be calculated by table look-up
• D)Savings from early payment
• E)Cash discount within first 10 days in next month after sale
• F)Amount of time to take advantage of a cash discount
• G)Discount period begins when goods are received
• H)100% less stated percent
• I)List price minus amount of trade discount
• J)Time period sellers give buyers to pay invoices
• K)1 - net price equivalent rate
• L)Buyer pays cost of freight
• M)Actual cost to buyer per dollar
• N)2/10, n/30
• O)Two or more trade discounts
• P)List price minus net price
• Q)Suggested retail price

---

Definitions:

Succession Planning

The process of identifying and developing potential future leaders or employees to fill key positions within an organization when they become vacant.

Entrepreneurial Consultants

Professionals who offer advice and expertise to startups and businesses to help them innovate, grow, and overcome challenges, often focusing on business strategy, marketing, and financial planning.

Leadership Successor

An individual identified or prepared to take over leadership responsibilities when the current leader steps down or is unavailable.

Creative Production

The process of generating original ideas, concepts, or works that have value, often within artistic or innovative contexts.