Marketing Essentials

Section 3: Purchase Orders, Invoices, and Shipping

After You Read Online Action

Reviewing 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 two percent discount if the invoice is paid within ten days. The entire amount is due in 30 days.

Integrating Academic Skills

4. Paper, $297.50; pens, $79.20; cartridges, $768
5. Designs will vary. Try to demonstrate your understanding of logos and their functions.