L11F1

200 words

First, spend a couple of sentences summarizing the Concepts in Action video you watched this week.  Then, answer the following.   In the Concepts in Action video you watched this week, the speaker mentioned that for a small business, having payment terms is like using "free money" for a while.  What do you think this means?  And in your personal financial life, can you think of a situation where you also have access to using free money for a little while every month?