The document which gives the current price and terms of trade of a product is called?
Answer Details
The document which gives the current price and terms of trade of a product is called an invoice.
An invoice is a document issued by a seller to a buyer that specifies the goods or services provided, the quantity, and the price for each item. It also outlines the terms of payment, including the due date and any applicable discounts or late fees. In other words, an invoice is a detailed record of a transaction between a seller and a buyer.
The price and terms of trade of a product can vary depending on factors such as supply and demand, market conditions, and negotiations between the buyer and seller. The invoice reflects the final agreed-upon terms between the two parties and serves as a legal document that can be used for accounting and tax purposes.
Overall, an invoice is an important document in any commercial transaction as it ensures that both the buyer and seller are on the same page in terms of the price and terms of trade of a product or service.