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To secure the engagement, emphasize your understanding of their business model, highlighting the importance of both upstream and downstream operations. Discuss how you can help optimize their revenue and profit strategies, particularly focusing on the upstream side where they generate most of their profits.
A can give B (5 min – 4 1/2 min) = 30 sec start.
The distance covered by B in 5 min = 1000 m.
Distance covered in 30 sec = (1000 * 30)/300 = 100 m.
A can give B 100m start.
The company's payable cycle refers to the process of managing and settling the amounts owed to suppliers for goods and services purchased on credit. It typically involves the following steps:
1. **Purchase Order**: Issuing a purchase order to a supplier.
2. **Receiving Goods/Services**: Accepting and verifying the delivery of goods or services.
3. **Invoice Receipt**: Receiving an invoice from the supplier.
4. **Invoice Approval**: Reviewing and approving the invoice for payment.
5. **Payment Processing**: Scheduling and making the payment to the supplier.
6. **Record Keeping**: Documenting the transaction for accounting purposes.
This cycle helps ensure timely payments, maintain good supplier relationships, and manage cash flow effectively.
