Ms Thomas Has Received an Invoice from the Manufacturer for Which

question 6

Multiple Choice

Ms. Thomas has received an invoice from the manufacturer for which she distributes products. The invoice states credit terms of 3/10, net/30. Puzzled by this, she calls on you to explain. You indicate that the notation 3/10 means that

• A) she may take a 30 percent discount if she pays the invoice within three days.
• B) she must pay the entire amount in three days.
• C) after three days, she must pay the new amount in ten days.
• D) her line of credit is equivalent to three-tenths of the dollar value of her business.
• E) she may take a 3 percent discount if she pays the invoice within ten days.

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Definitions:

Stated Interests

Expressed preferences or desires, often used in the context of negotiation or survey responses.

Gratuity

A voluntary payment made in addition to the required payment, typically given for a service rendered as a token of appreciation.

Brand Awareness

The degree to which customers recognize and understand the characteristics or reputation of a specific brand of products or services.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including customers' needs and competitors, to support decision-making.