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![Accounts Payable Management: [PDF] Definition, Example, Objectives Process, Benefits, & Negatives](https://educationleaves.com/wp-content/uploads/2023/03/Picsart_23-03-04_23-24-20-351-800x445.jpg "Accounts Payable Management: [PDF] Definition, Example, Objectives Process, Benefits, & Negatives")
Pricing is a process of setting the value that a manufacturer will receive in the exchange of services and goods. If manufacturers set prices too high, they miss out on valuable sales. Set them too low, and they miss out on valuable revenue.
Balance of Payments (BOP) is a record of all the transactions that a country has with the rest of the world over a specific period, typically a year. The BOP includes all economic transactions between the country and the rest of the world, including trade in goods and services, investment flows, and transfers of money and assets.
![Accounts Payable Management: [PDF] Definition, Example, Objectives Process, Benefits, & Negatives](https://educationleaves.com/wp-content/uploads/2023/03/Picsart_23-03-04_23-24-20-351-390x205.jpg "Accounts Payable Management: [PDF] Definition, Example, Objectives Process, Benefits, & Negatives")
Accounts payable management is the process of managing a company’s accounts payable in an efficient and effective manner to ensure that the company’s short-term debts are paid on time and in full while maximizing cash flow and minimizing costs.
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