Question

Establishing a 1%/10 Net 30 term would be considered a benefit to a favorite customer and should typically be offered after they have established a quality purchase and payment pattern

Answer 1

The statement is false. It would be an advantage to both the client and the organization. This would mean if the client needs a markdown from the provider they would need to pay the receipt inside 10 days to get the rebate, and this would then enable the organization to get their cash speedier.