In Managing Accounts Payable,the Principle of "Buy Now,pay Later" Allows

question 77

True/False

In managing accounts payable,the principle of "Buy now,pay later" allows the small business to postpone a payment.

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Definitions:

Marketplace

An arena for buying and selling goods and services, which can be physical like a store or digital like an online platform.

Target Market

A specific group of consumers at which a company aims its products and services.

Profit

The financial gain obtained when the revenue from business operations exceeds the expenses, taxes, and costs associated with running the business.

Skilled Employees

Workers who possess specialized training, knowledge, or expertise, making them valuable assets to organizations in achieving operational efficiency and competitive advantage.