What Is a Methodology and What Are Some Methodologies Other

question 24

Essay

 What is a methodology and what are some methodologies other than the PMBOK Guide do organizations use as a basis for project management methodology?

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Definitions:

Credit Period

The time frame between when a purchase is made and when the payment for that purchase is due, without incurring any interest.

Cash Discount

A reduction in the price of an item for sale, offered by the seller as an incentive for the buyer to pay promptly.

Trade Credit

Short-term financing extended by a seller to a buyer allowing the latter to purchase goods or services and pay for them at a later date.

Trade Credit

The credit extended to a buyer by a supplier, allowing the buyer to purchase goods or services and pay for them at a later date.