MARKETING TERM of the WEEK: Notorious A.O.G.

When arrival of goods (AOG) is applied to a cash discount period, is the net payment period computed from the time of shipment or from the time the goods arrive at their destination?

ANSWER

Arrival of Goods (AOG) indicates that the discount will be granted if payment is made within the number of days specified, calculated from the time the goods arrive at the destination. The net payment period, however, is computed from the time of shipment. READ MORE…

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