Which of the Following Is the Best Way to Deal

question 27

Multiple Choice

Which of the following is the best way to deal with voice mail?

• A) hang up before leaving a message.
• B) leave a long and detailed message
• C) leave a memorized sales presentation as a message
• D) make a call to action-ask them to call you or tell them you'll call back
• E) none of these choices are correct

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Definitions:

Trade Credit Discounts

Reductions in the price of goods or services offered to buyers as an incentive to pay earlier than the payment terms require.

Costly Trade Credit

Describes the high costs associated with taking advantage of credit offered by suppliers or creditors, particularly when payment terms are not met, resulting in high interest rates or financial penalties.

Accounts Payable

Liabilities or money owed by a company to its creditors for goods and services that have been delivered or used, but not yet paid for.

Discount Period

The time period between when a bill is discounted and its maturity date; in finance, it often refers to the period for which a discount is applied to a cash flow.