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What is Legal Tender

A Critical Examination of the Recent Evolution of B2B Sales
Refers to currency or coins that are recognized by law as acceptable forms of payment for goods, services, debts, or financial transactions. In each jurisdiction, legal tender is typically issued or authorized by the government and must be accepted by individuals and businesses for transactions (OpenAI, 2023 AU14: The in-text citation "OpenAI, 2023" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ).
Published in Chapter:
The Beginnings
Copyright: © 2024 |Pages: 14
DOI: 10.4018/979-8-3693-0348-1.ch001
Abstract
This chapter traces the roots of selling as a professional activity. Starting with ancient roots of how early mankind exchanged one value for another, it traces the exchange of values to include the use of a legal tender, money. The chapter illustrates how selling changed over time, and continued to change to make the salespersons more successful. The question this chapter raises is why were these changes necessary and were they permanent, or were more changes to come in a continuous process of change? Beginning with the need to sell something, sales is seen as a process that needs to find its way. As commercial sellers, business to business, differentiated from sellers of consumer goods, they developed unique professional skills. Were these skills and requirements permanent or just a bump in the road to an ever-evolving profession? Using critical thinking to evaluate the history of selling we conclude that selling is never satisfied with the current process and continues to change as technology, methods of transportation and commerce change.
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More Results
Legal Risks and Challenges Related to Virtual Currencies
A medium of payment recognised by a state to be valid for meeting financial obligations on its territory.
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