Many Sellers Offer a 2% Discount to a Buyer That

question 187

True/False

Many sellers offer a 2% discount to a buyer that makes payment 20 days before the due date, (2/10, net 30). Firms that fail to take advantage of this early payment discount are giving up approximately 36%.

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Definitions:

Instinctive Drift

Tendency for an animal’s behavior to revert to genetically controlled patterns.

Genetic Blueprint

A metaphor for the complete set of genes that an organism inherited, which determines its biological characteristics and development.

Maturation

The process of becoming mature; encompasses the physical, mental, and emotional developments that occur as a person ages.

Learning

A process that results in a relatively permanent change in behavior or potential behavior that occurs as a result of experience or practice.