True or false?

‘Price’ and ‘payment terms’ are the same thing.

True or false?
A . False
B . True

View Answer

Answer: B

Explanation:

An easy question.

Price is what the customer will pay for goods or services eg fifty dollars; payment terms are the arrangements under which you pay the price eg in advance, on delivery, 30 days, 60 days, etc. Although this may seem rather obvious, I have encountered a surprising number of people who seem to confuse the two.