Examlex
Explain how a firm benefits from customers who make multiple purchases versus customers who make just one purchase.
Commission Charged
A fee paid to an employee or agent for facilitating a sale, typically a percentage of the sale amount.
Factor
A financial company that purchases receivables from businesses, providing them with immediate cash.
Impairment
Impairment is a reduction in the recoverable value of an asset below its carrying value, leading to an expense in the income statement.
Receivable
An amount of money owed to a company by its customers or clients for goods or services provided on credit.
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