QS $4-1($Static$)$ Applying merchandising terms LO C$1,$ P$1$

Match each phrase with its definition.

$\backslash$table$[[1.$ Goods a company owns and expects to sell to its customers.,$],[2.$ Time period that can pass before a customer's full payment is due.,$],[3.$ Seller's description of a cash discount granted to buyers in return for early payment.,$],[4.$ Ownership of goods is transferred wherthe seller delivers goods to the carrier.,$],[5.$ Purchaser's description of a cash discount received from a supplier of goods.,$],[6.$ Difference between net sales and the cost of goods sold.,$],[7.$ Time period in which a cash discount is available.,$],[8.$ Ownership of goods is transferred when delivered to the buyer's place of business.,$]]$