Podcast Beta
Questions and Answers
Junko promised to extend the payment terms to 60 days without hesitation.
False
Andrea mentioned that the cash flow problems were becoming a regular issue for their company.
False
Junko mentioned that they have regulations to follow at their end regarding payment terms.
True
Andrea mentioned that the new order is for a customer who pays on delivery.
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Junko agreed to send Andrea an email confirmation of the payment terms extension.
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Study Notes
Payment Terms Negotiation
- Junko agreed to extend the payment terms to 60 days, indicating a willingness to accommodate business needs.
- Andrea expressed concern about ongoing cash flow problems, highlighting a significant challenge affecting their company's financial stability.
Regulatory Considerations
- Junko noted that there are specific regulations that must be adhered to regarding payment terms, introducing an element of compliance in the negotiation.
Customer Payment Method
- Andrea highlighted that the new order involved a customer who pays upon delivery, emphasizing the importance of aligning payment terms with customer payment behaviors.
Confirmation of Terms
- Junko committed to sending an email confirmation for the extended payment terms, ensuring clear communication and documentation of the agreement.
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Description
Test your comprehension of a business phone conversation between Junko from a company and Andrea from Red Band. The conversation revolves around an order, delivery confirmation, and a request for an extension on payment terms.
