As an incentive for buyers to pay their accounts promptly, a business may offer its customers

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Offering a purchase discount is a common incentive for buyers to pay their accounts promptly. This discount can be a percentage off the total amount owed or a specific dollar amount. It provides an immediate reward for paying the bill on time and encourages customers to prioritize their payments to this business.

As an Incentive for Buyers to Pay Their Accounts Promptly