Using a Coupon on Your Cell Phone When Checking Out

question 104

Short Answer

Using a coupon on your cell phone when checking out at the Hard Rock Café,or checking in to a retail location using Foursquare's mobile app is an example of ____________.

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Definitions:

Credit Terms

Terms for payment on account by the buyer to the seller.

Sales Discount

A reduction in the sale price offered by a seller to a buyer, usually to encourage prompt payment or to increase sales volume.

Invoice Date

Invoice Date refers to the date listed on an invoice, indicating when it was issued and often starting the timeline for payment due.

Debit Balance

The remaining amount in a financial account whereby the sum of debits exceeds the sum of credits, typically indicating expenses or assets.