A Business That Takes Place by Digital Processes Over a Computer

question 102

True/False

A business that takes place by digital processes over a computer network rather than in a physical space is known as e-commerce.

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Definitions:

Accounts Receivable Period

The average number of days that it takes for a company to collect payments owed by its customers after a sale has been made.

Early Payment Discount

An incentive offered by a seller to a buyer for paying a bill before the due date.

Grants Credit

The offering of deferred payment terms or a line of credit to a buyer for the purchase of goods or services.

Cash Increase

An upward movement in a company's cash balance, indicating improved liquidity or additional inflow of money.