Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 9

One of the most difficult concepts to get across to small-business owners is the need to take all the trade credit they can get. For example, the credit terms 2/10, net 30 can save businesses money if they pay their bills in the first 10 days. Work with a group of classmates to build a convincing financial argument for using trade credit.