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New markets created by iPods, PDAs, and Wi-Fi are a result of:
F.O.B. Shipping Point
Purchaser pays or is responsible for the shipping costs from seller’s shipping point to purchaser’s location.
Discount Period
The established period after a sale during which a customer can pay the invoice at a reduced rate, incentivizing quicker payments and enhancing cash flow.
Merchandise Inventory
Goods that a company holds with the intent of selling them to customers.
Accounts Payable
Liabilities or amounts owed by a business to creditors for purchases or services rendered that haven't been paid for yet.
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