A(n)_______ Is a Version of a Retail Store Where Customers

question 174

Short Answer

A(n)_______ is a version of a retail store where customers can shop at any hour of the day without leaving their home or office.

---

Definitions:

Lockbox Arrangements

A service provided by banks to process payments quickly by collecting and depositing checks into the company's account on behalf of the company.

Collection of Payments

The process of gathering all monetary amounts owed to an individual or organization by its debtors or customers.

DRIP Payments

Dividend Reinvestment Plan payments, where dividends paid by a corporation are automatically reinvested to purchase more shares of the company's stock.

EOQ

Economic Order Quantity; the ideal order quantity a company should purchase to minimize its total costs related to ordering, receiving, and holding inventory.