If the Current Credit Policy Is 3/30 Net 60, Which

question 7

Multiple Choice

If the current credit policy is 3/30 net 60, which of the following tightens the credit policy?

• A)3/30 net 90
• B)3/35 net 75
• C)2/30 net 60
• D)3/20 net 45

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Definitions:

Virtual Approach

A strategy that involves using digital technologies and the internet to conduct business activities, largely reducing or eliminating the need for physical presence.

Qualify Sales Prospects

The process of assessing potential sales leads to determine whether they have the need, authority, and financial capacity to purchase a product or service.

Webinars

Online seminars or workshops where participants can interact with the presenter, usually conducted through a web conferencing platform.

Credit Card Promotions

Marketing efforts aimed at attracting new customers or retaining existing ones by offering benefits such as rewards, cash back, or special financing terms to credit card users.