What Is Meant by the Term 1

question 93

Multiple Choice

What is meant by the term 1.5/14 net 30?

• A)If the invoice is paid within 14 days a discount of 1.5 percent can be taken,otherwise the invoice is due in 30 days.
• B)If the invoice is paid within 30 days a discount of 14 percent can be taken,otherwise the invoice is due 14 days after that days.
• C)If the invoice is paid within 1.5 days a discount of 14 percent can be taken,otherwise the invoice is due in 30 days.
• D)If the invoice is paid right away,a discount of 14 percent can be taken,otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.
• E)If the invoice is paid 1.5 days a discount of 30 percent can be taken,otherwise the invoice is due in 14 days.

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Definitions:

Buyer's Mind

Buyer's mind refers to the perceptions, options considered by and motivations of a consumer when making purchasing decisions.

Price Discrimination

The practice of selling the same product to different buyers at different prices based on willingness to pay, not differences in cost.

Identical Goods

Products that are indistinguishable from each other in terms of quality, function, and characteristics.

Production Costs

The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overhead expenses.