A Discrepancy of _____ Is the Difference Between the Amount

question 123

Multiple Choice

A discrepancy of _____ is the difference between the amount of product produced and the amount an end user wants to buy.

• A) space
• B) quantity
• C) assortment
• D) accumulation
• E) possession

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Definitions:

Cash Discount

A reduction in the price of an item for sale, offered by the seller as an incentive for the buyer to pay promptly.

Trade Credit

Short-term financing extended by a seller to a buyer allowing the latter to purchase goods or services and pay for them at a later date.

Trade Credit

The credit extended to a buyer by a supplier, allowing the buyer to purchase goods or services and pay for them at a later date.

Trade Creditors

Trade creditors refer to suppliers from whom a business has purchased goods or services on credit, payable within a short period, typically less than one year.