Customer Order Entry Is

question 13

Multiple Choice

Customer order entry is

• A)the point in time when the customer has access to choices and makes a decision regarding a purchase.
• B)the customer informing the retailer of what they want to purchase and the retailer allocating product to the customer.
• C)the process where product is prepared and sent to the customer.
• D)the process where the customer receives the product and takes ownership.

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Definitions:

Accounts Payable

Liabilities owed by a business to creditors for goods and services purchased on credit which are payable within a year.

Merchandise Suppliers

Companies or individuals that provide products for sale to retailers, often involving wholesale transactions.

Long-Term Debt

Long-Term Debt comprises loans and financial obligations lasting more than one year, used by businesses to finance long-term investments or projects.

Inflow Of Cash

Money or cash equivalents coming into a business, typically from operations, investments, or financing activities.