Identify three incentives customers would face to not pay the invoice within the discount period.

1. Increased costs: Customers may face increased costs if they choose to pay the invoice after the discount period as they will likely incur additional charges such as interest or late fees.
2. Damaged reputation: If customers fail to pay invoices on time, their credit scores and overall financial standing may suffer which could have a negative effect on their ability to access credit in the future.
3. Loss of discounts: Customers who do not take advantage of early payment discounts miss out on potential savings and are therefore less likely to be competitive when bidding for new business or entering into new contracts with suppliers and vendors.