Pulp Faction is a supplier of paper products that is giving a new buye
QUESTION
Pulp Faction is a supplier of paper products that is giving a new buyer short-term credit. What are the conditions it is imposing called?
A) promissory note
B) terms of trade
C) trade credit
D) commercial paper
E) net period
ANSWER
Answer: B
Explanation: B) Terms of trade refers to the conditions the supplier (seller) gives the buyer when offering short-term credit.
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