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Franco uses a database software system to remind him when his customers should be ready to reorder his industrial cleaning products.With this reminder system,Franco contacts his customers when they are most likely to be "in the buying mode." Franco's system is part of
Purchase and Payment
Purchase and payment refer to the process of acquiring goods or services and subsequently settling the obligation to pay for these goods or services.
Balance Sheet
A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the company's financial position.
Foreign Exchange Gain
Profit derived from the appreciation of one currency against another in the context of foreign exchange trading or transactions.
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