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Business Math Ch. 12
Vocabulary
| Question | Answer |
|---|---|
| Tells what percentage of the total market's sales one seller has. | Market Share |
| The total of all persons or organizations that are potential customers. | Market |
| A historical relationship between sales and time. | Trend |
| Estimate of future sales. | Forecasts |
| People who complete business surveys. | Respondents |
| A reduction in marked or retail price; a discount. | Markdown |
| The amount added to the cost of the goods to cover all other expenses plus a profit. | Markup |
| A trade discount that has two or more discounts. | Discount Series |
| Price the retailer pays after the trade discount is given. | Invoice Price |
| A price shown in a catalog. | List Price |
| A reduction or discount given from a catalog or list price; a discount given "within the trade." | Trade Discount |
| A term indication that payment is to be made at a later date, or describing a partial payment on an amount owed. | On Account |
| List the goods sold and delivered to the buyer. | Sales Invoice |
| Count cash on and check accuracy against the record of cash received and paid out. | Prove Cash |
| Discount given for early payment of a bill. | Cash Discount |
| Refers to how many people see or hear an ad. | Reach |
Created by:
acopper
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