Incentive Travel Is Particularly Effective as a Reward in Which

question 5

Multiple Choice

Incentive travel is particularly effective as a reward in which field?

• A) Service
• B) Food and beverage
• C) Sales
• D) Banking

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Definitions:

Credit Terms

Conditions under which credit is extended by a seller to a buyer, including payment period, discount for early payment, and late penalty.

Accounts Payable

Liabilities or amounts owed to creditors for goods and services received but not yet paid for.

Merchandise Inventory

The goods a company holds for the purpose of sale to customers.

Merchandise Inventory

Goods or products on hand that are available for sale by a retailer or wholesaler.