It means that the value of sales recorded in the income statement is the net of sales discount, cash, or trade discount. A business sells products worth $1,000, and the customer pays in cash. If Michael pays the amount owed ($10,000) within 10 days, he would be able credit sales journal entry to enjoy a …
Emphasizing service excellence also helps in minimizing customer churn and changing first-time buyers into loyal clients. The distinction lies in the quality and level of buyer satisfaction that is achieved. Good service fulfils the client’s fundamental expectations and is ready to meet their needs. Service excellence, however, goes above and past by providing an distinctive …
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