Business GCSE
Payment terms
What Payment terms means in Business GCSE, as defined for AQA.
Definition of Payment terms
Check what you remember
Read the wording for your board, then hide it and explain Payment terms in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Terms and credit periods that influence cash flow.
Topics that use Payment terms
- The role of procurement (AQA GCSE)
Related terms
- Analysing supplier choice in context
- Best value
- Brand reputation
- Buffer stock
- Consequences for operations and costs
- Contextual judgement
- Customer satisfaction
- Customer satisfaction and reputation
Using Payment terms in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Business questions
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All Business GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge