Chapter 6, Problem 3TP

You own your own outdoor recreation supply store. You are in the process of drafting a standard invoice agreement for customer sales conducted on credit. Create a sample sales invoice with the following minimum information listed:

• Your company information

• Date of sale

• Your customer’s information

• An example product you sell with name, description, price per unit, and number of units sold

• Terms of sale including credit terms and shipping charges, with numerical figures for shipping charges

• Any contract language necessary to further establish the terms of sale (for example, warranties, limitations on shipping, and returns)

Write a reflection about your invoice choice, as it relates to format, terms, contract language, and pricing strategies. Conduct a comparison study to others in your industry (such as REI) to evaluate your choices. Make sure to support your decisions with concrete examples and research.