Examlex
Name and describe the six categories of new products.
Standardized Products
Goods or services produced to a uniform specification that ensures consistency and compatibility across different uses and customers.
Credit Periods
The timeframe given by a seller to the buyer to pay for the goods or services received, usually measured in days.
Terms Of Sale
The conditions under which a sale is conducted, detailing payment terms, delivery times, warranties, and prices.
Product Perishability
Indicates how quickly a product will lose its value if not sold or consumed within a short period.
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