What Is Meant by the Term 1

question 41

Multiple Choice

What is meant by the term 1.5/14 net 30?

• A) If the invoice is paid within 14 days, a discount of 1.5 percent can be taken; otherwise the invoice is due in 30 days.
• B) If the invoice is paid within 30 days, a discount of 14 percent can be taken; otherwise the invoice is due 14 days after that day.
• C) If the invoice is paid within 1.5 days, a discount of 14 percent can be taken; otherwise the invoice is due in 30 days.
• D) If the invoice is paid right away, a discount of 14 percent can be taken; otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.

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Definitions:

Borderline Personality Disorder

An extreme and sometimes dangerous pattern of emotional instability, emotional emptiness, confused identity, and tendencies toward self-harm.

Bundle Pricing

Marketing two or more products in a single package price.

Customary Pricing

Setting a price that is dictated by tradition, a standardized channel of distribution, or other competitive factors.

Prestige Pricing

A pricing strategy where goods are priced higher to evoke a sense of luxury or quality, making them desirable due to their cost.