The Expansion of Global Markets Is a Major Factor in Developing

question 81

Multiple Choice

The expansion of global markets is a major factor in developing global information systems to handle _____ demands of integrated worldwide services.

• A)customers'
• B)sellers'
• C)suppliers'
• D)dealers'

---

Definitions:

Cash Discount

A reduction in the invoice price offered by a seller to encourage early payment by the buyer.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Credit Extension

Credit extension is the process by which a lender provides funds or permits a borrower to purchase goods or services now with the promise to pay in the future.

Receivables Financing

A type of financing where a company uses its accounts receivable as collateral for a loan.