An Invoice for an Amount of $600 for Merchandise Purchased

question 13

Multiple Choice

An invoice for an amount of $600 for merchandise purchased is showing 2/15, n/30 as terms of credit. If the invoice is paid on or before the fifteenth day, the amount to be paid is:

• A)$588.
• B)$600.
• C)$612.
• D)$615.

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Definitions:

Marketing Strategy

A company's plan for reaching prospective consumers and turning them into customers of their products or services.

Custom Cabinetry

Tailor-made cabinetry designed and built to meet specific requirements and tastes of the customer.

Product Element

A component of a product that includes features, design, quality, brand name, and packaging which together form the product's overall offer.

Marketing Mix

The set of actionable marketing tools—Product, Price, Promotion, and Place—that the firm uses to pursue its marketing objectives in the target market.