Asked by Akadiri Olalekan on Jul 01, 2024
The terms of sale include all of the following EXCEPT the:
A) Granting or denial of credit.
B) Cash discount, if applicable.
C) Type of credit instrument.
D) Credit period, if applicable.
E) Customer's credit score.
Credit Score
A numerical expression based on a level analysis of a person's credit files, representing the creditworthiness of an individual.
Terms of Sale
The conditions under which a seller will sell and deliver goods to a buyer, detailing payment terms, delivery times, and other conditions of the sale.
Granting Credit
The process of providing a loan or other form of credit to a borrower or customer, often with specific terms and conditions.
- Comprehend the fundamentals of trade credit, its critical role, and the nuances of terms of credit.
Learning Objectives
- Comprehend the fundamentals of trade credit, its critical role, and the nuances of terms of credit.