Marketing Essentials

Section 3: Purchase Orders, Invoices, and Shipping

After You Read Online Action

Key Terms and Concepts

1. In business-to-business sales, a buyer issues a purchase order (PO), and a vendor issues an invoice.
2. An extension is the cost of buying multiple items. It is calculated by multiplying the number of units by the cost per unit.
3. This means that you will receive a 2 percent discount if the invoice is paid within 10 days. The entire amount is due in 30 days.

Academic Skills

4. Paper, $297.50; pens, $79.20; cartridges, $768
5. Accept all designs that show reasonable understanding of logos.