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What does it mean to have a delinquent debt?
A delinquent debt is a term used to indicate that an agreement for services and/or goods has not been honored. In other words, a person didn't pay their bill(s).
WHAT term may be used to describe the exchange of goods?
The transmission of goods and services between two or more stakeholders, without the use of funds is known as BARTERING. . It is the most ancient form of commercial transaction, whereby professionals and businesses alike, trade goods and services with one another depending on corresponding price and / or estimates of the goods and services being offered. Bartering is also primarily regarded as a form of taxable income.
What is difference between tax and duty?
Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)
What term describes any company or person who owes money to the business?
The term that describes any company or person who owes money to a business is "debtor." Debtors may include individuals, businesses, or entities that have received goods, services, or money from the business but have not yet paid for them. In accounting, these amounts are typically recorded as accounts receivable on the company's balance sheet.
What do you call a person you owe money to?
A person you owe money to is commonly referred to as a "creditor." This can include individuals, businesses, or financial institutions that have lent you money or provided goods or services on credit. In some contexts, the term "lender" may also be used, particularly when referring to financial institutions.
What term best describes anyone who buys or uses goods and services of any kind?
Consumer
What is the term for a person who uses goods or services?
The ultimate user is the "consumer." The familiar business term is "customer."
What is meant by the term trade?
Trade is the transfer of ownership of goods and services from one person to another
The phrase or term thats used to refer to the number of goods and services available to each person in an economy is?
Supply is the phrase or term that is used to refer to the number of goods and services available to each person in an economy. The goal is to balance the supply with the demand for the good or service.
What is meant by the term provide a services?
goods
What is the phrase or term that's used to refer to the number of goods and services available to each person in an economy?
is equal opportunity
What is wholesale in tourism?
Wholesale is a term used in tourism. It means a person or firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers. Wholesalers who carry only non-competing goods or lines are called distributors.
What term indicated the exchange of goods and services between countries?
The exchange of goods and services between countries is called international trade.
Which term describes what a manufacturer spends for goods or services?
cost
What is it called when you but material goods just so people can see you buying them?
Conspicuous consumption is the term used to define a person that buys material goods just so others can see them buying them. This is done to convey some sense that the buyer has some wealth or value within their community.
What term describes the act of limiting the types of goods and services produced?
No
What is the economic term for the money that is received from the sale of goods and services?
The economic term for the money received from the sale of goods and services is "revenue." Revenue is a crucial metric for businesses as it represents the income generated from their primary activities. It is calculated by multiplying the price of goods or services by the quantity sold. Revenue is a key component in determining a company's profitability and overall financial health.
