As an Incentive for Customers to Pay Their Accounts Promptly

question 93

Multiple Choice

As an incentive for customers to pay their accounts promptly, a business may offer its customers

• A)sales discounts.
• B)free delivery.
• C)sales allowances.
• D)sales returns.

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Definitions:

Competitive Advantage

The unique attributes or circumstances that enable an organization to outperform its competitors.

Michael Porter

An influential academic known for his theories on economics, business strategy, and competitive advantages.

Rural Markets

Economic segments or consumer markets located in countryside areas outside of urban and suburban regions, often characterized by different buying patterns and accessibilities.

Urban Markets

Marketplaces located within cities where goods and services are bought and sold, reflecting the economic and cultural characteristics of the urban area.