WAEC Commerce 2018 Objective — Question 20
Question 20 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
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The reason for sending a proforma invoice to a potential customer is that it is
- A. an indication of the seller's willingness to grant credit
- B. a polite way of telling the customer to return the goods
- C. an invitation to the buyer to buy on hire purchase
- D. a polite way of refusing to sell on creditCorrect
Explanation
A proforma invoice is often used as a polite means of requiring payment in advance, i.e. a way of declining to extend credit.
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