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Briefly explain product implementation in competitive strategies.
Charge Customer
To bill a customer for goods or services provided, thereby creating an account receivable.
Cash Discount
A deduction from the invoice price that is allowed if payment is made within a specified period.
Credit
An accounting entry recording an increase in liabilities or equity or a decrease in assets, opposite of a debit.
Terms of Sale
The conditions under which a seller will complete a sales transaction, including payment terms and delivery time.
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