Advantage of seasonal promotion

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Agribusiness You both agreed to contribute P2,000,000 each to put up a corn and vegetable farm but while you have delivered your commitment, your friend kept deferring his promised contribution until it became necessary for you to purchase seedlings on credit since you have ran out of cash. Because your partner continued to ignore your reminders for him to turn over his contribution, you failed to pay the supplier on time and it charged you interest and penalties. You also failed to take advantage of a seasonal promotion from a fertilizer company that offered a huge mark down because you had no cash on hand.

Reference no: EM133231714

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