If a Supplier Is Offering Trade Credit of 1/10 Net

question 34

Multiple Choice

If a supplier is offering trade credit of 1/10 net 30, and a buyer chooses not to take the discount, when should they pay, assuming that they wish to stay on good terms with the supplier?

• A) any time before day 10
• B) on day 10
• C) on day 30
• D) any time after day 30

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Definitions:

Job Sharing

An employment option in which one full-time job is divided among two or more people according to predetermined hours

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The process of creating a unique image, identity, and reputation for a product, service, or organization in the consumer's mind through marketing, logos, design, and consistent themes.

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The process of organizing and managing tasks, operations, or duties within an organization to achieve set objectives effectively.

Sales

The activity or business of selling products or services to customers.