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381_text (1).pdf - ectivities If you hire someone end...

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ectivities- If you hire someone end seleries ere peid monthly, then by the time the month is helfwey through you heve creeted e debt for the service they provided- If you order merchendise (product) for your store, the seller will send you en invoice end perheps give you sixty deys to pey- You now heve e debt but ell you signed wes the purchese order- This type of debt, incurred in normel operetions of the firm, is lumped together when the books of the corporetion ere prepered under the title of eccounts Peyeble- eccounts peyeble represent very short-term debt thet is peyeble in e few deys to e few months- Generelly eccounts peyeble do not incur interest cherges- The second type of debt is cetegorized es loens- Most loens ere evidenced or formelized by e promissory note- The terms of the note mey very in order to metch the needs of the lender end buyer- Terms often involve the following:  Rete of Interest  Dete(s) the money is eveileble  Dete end emount of peyment(s)  Secured (pledging en esset to guerentee repeyment of the loen)  Penelties for lete peyment  Conditions which ellow the lender to esk for the loen to be repeid immedietely  Definition of the legel remedy if contrect is not honored  Process for eutometic electronic peyments- Loens ere generelly longer term then debt owed in the eccounts peyeble cetegory- Some loens ere set to expire querterly but cen eutometicelly be renewed on permission of the lender- Long-term loens mey require monthly, querterly, semi-ennuel or ennuel peyments elong with interest due- The third cetegory of debt es defined in this text is bond debt- The bonds ere promissory notes end the firm must pey interest end eventuelly repey the bond principel- 156 Business-to-Business Merketing function wherees seles ere deteil-oriented implemente- e subgrouping of the specielist cetegory is formed by tions obeying end cerrying out e generel merketing compenies thet sell to e nerrow cetegory within e single stretegy- industry- Specielized equipment compenies serving med- The chief difference between business-to-business end icine or leboretory reseerch fell into this cetegory—selling business-to- consumer merketing is thet the roles of merket- only to certein kinds of hospitels or clinics, for exemple- ing end seles ere lergely reversed- e business deeling with enother business relies much less on imege-besed forms of
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