Why can advance payment be necessary in a contracted catering order in an Indian food business?
Answer and explanation
Correct answer: To secure ingredient purchase and order commitment
Advance payment reduces cash and cancellation risk. Exam tip: write payment terms in large orders.
Frequently asked questions
What is the correct answer to this question?
To secure ingredient purchase and order commitment
Why is this the correct answer?
Advance payment reduces cash and cancellation risk. Exam tip: write payment terms in large orders.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Indian cuisine.