The arrangements between buyer and seller as to when payments for merchandise are to be made are called credit terms.
Payment is the transfer of money, items, or offerings in alternate for goods and services in suited proportions which have been formerly agreed upon via all parties worried. Payment can be made in the form of services exchanged, coins, tests, twine transfers, credit cards, debit cards, or cryptocurrencies.
Form of payment method coins, a take a look at, a debit card, pay as you go card or every other approach with the aid of which customers pay for goods or services, and consists of particular brands (e.g., big name, NYCE) or sorts (e.g., PIN debit) of debit playing cards or another manner of the fee.
Learn more about Payment here:
brainly.com/question/25599836
#SPJ4
Answer:
Which of the following is the main force behind the decisions made by
producers in a free-market society?
The profit motive
Explanation:
This best explains the reason behind monopoly, such producer decides everything in the market which makes the customers without any option than to buy. This makes the main objective in free-market society to be the profit motive.
In phrases of cost and responsibility, the very best incoterm for the exporter that is, in turn, the maximum tough for the importer is Ex-works (EXW).
The definition of cost is the amount paid for something or the rate of doing something. An instance of a value is $three for a half gallon of milk.
Price is the cost of money that a business enterprise needed to spend to produce its items or services. it is calculated as the quantity that an employer spends with the intention to produce a sure unit of a product. In simple words – it is the cash that a business enterprise spends on matters including hard work, offerings, raw materials, and more. the fee is the expenditure required to create and sell products and services, or to gather belongings. whilst offered or eaten up, a price is charged to price.
Costing is critical to make sure that all charges are blanketed and the institution fixes a price that ensures a profit. the first and maximum important step is to perceive all the prices of a enterprise: manufacturing, income, administrative, overheads, and so forth.
Learn more about cost here:
brainly.com/question/25109150
#SPJ4
Answer:
Option (c) is correct.
Explanation:
The perfectly competitive firm produces at a point where the marginal revenue is equal to the marginal cost because it the profit maximizing point for the competitive firms. Under the perfectly competitive market conditions, the price is determined by the two forces: demand and supply of the goods.
The firms under this market condition, faces a perfectly elastic demand curve which implies that the buyers are free to buy any quantity of goods.
<span>Segmentation is the process of identifying and profiling distinct groups of buyers who differ in their needs and wants.
</span><span>If automakers were to segment Justin based upon the type of active lifestyle he leads, this would be considered psychographic segmentation. The psychographic segmentation is on the basis of the interests, attitudes, opinions, values and activities, described as lifestyle of the customers.</span>
