Selling terms are as important to the small business as the actual price of the goods and services being purchased.

Question

Quizplus · Accepted Answer

Selling terms can have a significant impact on a small business's cash flow and overall profitability. The terms can influence how quickly the business gets paid, how much credit risk it assumes, and how much it can earn in interest income. Therefore, it is crucial for small businesses to negotiate favorable selling terms with their customers and suppliers.

Selling Terms Are as Important to the Small Business as the Actual