A Retailer Is an Example of an Internal Customer to a Manufacturer

question 20

True/False

A retailer is an example of an internal customer to a manufacturer.

---

Definitions:

Bank Credit Card

A card issued by a bank that allows users to purchase goods or services on credit, subject to repayment terms and possibly interest.

Sales

The exchange of goods or services for money, constituting the revenue of a business.

Pledging Accounts Receivable

The use of accounts receivable as collateral to secure a loan, without transferring the title.

Promissory Note

A financial instrument where one party (the issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.