Whenever an Order Is Placed with Online Retailers,the Retailers Put

question 37

Multiple Choice

Whenever an order is placed with online retailers,the retailers put together the order,ship it,and charge the payment to the customer's credit card.This process of selling a product or service is known as the ________ process.

• A) make-to-order
• B) time-to-market
• C) order-to-cash
• D) procure-to-pay
• E) make-to-stock

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Definitions:

APR

Annual Percentage Rate; a measure that reflects the cost of borrowing money or the return on an investment, including interest and other associated fees, shown as a yearly rate.

Finance Charge

A fee representing the cost of credit or the cost of borrowing money, including interest and other related charges.

Car Loan

A financial agreement in which a lender provides funds to a borrower for the purpose of purchasing a vehicle, to be repaid with interest over a set period.

FICO Score

A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.