________ Are Individuals and Groups That Buy the Goods and Services

question 45

Multiple Choice

________ are individuals and groups that buy the goods and services an organization produces.

• A)Customers
• B)Suppliers
• C)Distributors
• D)Competitors
• E)Processors

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Definitions:

Accounts Receivable

Money owed to a business by its clients for goods or services provided on credit.

Visa and MasterCard

Global payment systems that facilitate transactions between merchants and card issuers to process credit and debit card payments.

Cash Sales

Transactions where payment is made in full using cash or electronic funds at the time of purchase.

Retailer

A business or person that sells goods directly to consumers for their own use.