need these definitions!

Match each phrase with its definition. Match each phrase with its definition. 1. Purchaser's description of a cash discount received from a supplier of goods. 2. A type of business that eams income by buying and selling merchandise. 3. Inventory is updated for purchases and sales of inventory only at the end of a period. 4. Inventory is updated for each purchase and each sale of inventory. Cost of goods sold 5. The expense of purchasing and preparing the merchandise sold during a period. Credit period 6. Seller's description of a cash discount granted to buyers in return for early payment. Discount period 7. The amount of time allowed by a seller before payment is due from the buyer. Merchandiser Match each phrase with its definition. Match each phrase with its definition. 1. Purchaser's description of a cash discount received from a supplier of goods. 2. A type of business that eams income by buying and selling merchandise. 3. Inventory is updated for purchases and sales of inventory only at the end of a period. 4. Inventory is updated for each purchase and each sale of inventory. Cost of goods sold 5. The expense of purchasing and preparing the merchandise sold during a period. Credit period 6. Seller's description of a cash discount granted to buyers in return for early payment. Discount period 7. The amount of time allowed by a seller before payment is due from the buyer. Merchandiser