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'Price' and 'payment terms' are the same thing.
True or false?
Suggested Answer: B
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An easy question.
Price is what the customer will pay for goods or services eg fifty dollars; payment terms are the ar-rangements 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.
12 comments · newest first
ED
Edgar
3 days ago
False, price is just the cost, payment terms are conditions.
AL
Aliza
8 days ago
I thought they were the same too, but they're not!
BA
Barrett
13 days ago
Definitely false, they’re different concepts.
CA
Catrice
18 days ago
I thought they were the same too, but I guess not!
RY
Ryan
24 days ago
False, payment terms involve timing and conditions.
MA
Ma
29 days ago
Wait, are people actually confused about this?
TR
Troy
1 month ago
Agreed, price is just the cost!
YU
Yuonne
1 month ago
Definitely false, they're different concepts.
AR
Aretha
1 month ago
I definitely remember discussing this in class. Price and payment terms are not the same, so I would say false.
RE
Refugia
2 months ago
I feel like this could be true in some contexts, but generally, they seem different. I would probably go with false.
JO
Joanna
2 months ago
I'm not entirely sure, but I remember a practice question that distinguished between price and payment terms. I lean towards false.
CH
Chun
2 months ago
I think this is false because 'price' refers to the amount charged, while 'payment terms' relate to how and when the payment is made.