Where Would You Find the Customer's Customer in a Typical

question 59

Multiple Choice

Where would you find the customer's customer in a typical supply chain?

• A)Upstream
• B)Downstream
• C)In the middle
• D)Not in the supply chain

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Definitions:

Cash Discounts

Reductions in price given to a customer for prompt payment of their bill.

Invoice

A document issued by a seller to a buyer that specifies the products or services sold, quantities, and agreed prices for products or services provided.

Interest Days

The total number of days over which interest is calculated on a loan or investment.

Interest-Bearing Note

A note that has a maturity value greater than its face value.