E-Commerce Refers to the

question 55

Multiple Choice

E-commerce refers to the

• A) conduct of business on the internet.
• B) exchange of information with customers and suppliers.
• C) production of superior goods and services.
• D) quick delivery of goods and services.

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Definitions:

Freight

The charge paid for transport of goods by sea, air, or land, typically based on the weight and distance of the shipped items.

Cash Discount

A reduction in the price of goods or services offered to purchasers as an incentive for early payment.

Discount Date

The specified date when a payment is to be made with a discount for early settlement.

Due Date

The due date is the date by which a payment, bill, or other obligation must be paid.