An arrangement between a seller and buyer under which a period of credit is allowed before payment is called:

Related MCQs

• In an organized market, an intermediary between a buyer and a seller is called:
• The prices that are set by government rather than by negotiation between a seller and a buyer are known as
• Credit is the use or possession of goods without immediate payment. Which of the following is a type of credit?
• The action taken by a buyer or seller to product his business or assets against a change in prices is called
• seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as -
• The contractual arrangement under which an independent franchisee produces or sells a product or service under the brand name of the franchiser is known as
• The proportion of a sum of money that is paid over a specified time period in payment for its loan is called:
• The economic situation in which only a single seller or producer supplies a commodity or a service is called:
• When there is one buyer and many sellers then that situation is called -
• The business arrangement in which two companies invest in a project over which both have partial control is termed as: