Generally,business owners should not be lured into taking cash discounts vendors offer;that cash could be put to better use elsewhere.

Question

Quizplus · Accepted Answer

It depends on the specific circumstances of the business. Taking cash discounts can save money in the long run, especially if the vendor offers a significant discount for early payment. However, if the business needs the cash for immediate expenses or investments, it may not be wise to take the discount and sacrifice cash flow. Therefore, it is important for business owners to carefully consider their cash flow needs and weigh the costs and benefits of taking cash discounts before making a decision.

Generally,business Owners Should Not Be Lured into Taking Cash Discounts