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Define and describe environmental management in relation to the marketing environment.
Credit Sales
Sales made on credit, where the buyer is allowed to pay the seller at a later date, as opposed to immediate payment transactions.
Cash Inflow
The total amount of money being transferred into a business, typically measured over a certain period of time.
Budgeted Sales
The forecasted sales revenue a company expects to generate in a future period, based on market analysis, historical data, and sales targets.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period of time, helping an organization to manage its cash balance.
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