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Some Terms and Phrases Called ________ Have Become So Common

question 19

Multiple Choice

Some terms and phrases called ________ have become so common that they have lost some of their power to communicate,and ________ are newly coined terms often associated with technology,business,or cultural changes.


Definitions:

Purchases Returns

Goods returned by a buyer to the seller, often due to defects or dissatisfaction, resulting in a refund or credit.

Purchase Discounts

Discounts a buyer receives for paying suppliers early, which are used to reduce the cost of purchased goods.

Net Purchases

Net purchases are the total amount of purchases minus returns, allowances, and discounts over a specified period, often used in analyzing inventory costs.

Sales Discounts

Reductions in the price of goods or services offered as an incentive to customers to encourage prompt payment.

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