23.03.2023 - 00:10

Small businesses selling on credit find that: A) it is relatively inexpensive and simple. B) it is expensive and requires a great deal of effort. C) it is essentially borrowing money from the customer. D) many can get by without selling on credit because

Question:

Small businesses selling on credit find that:

A) it is relatively inexpensive and simple.

B) it is expensive and requires a great deal of effort.

C) it is essentially borrowing money from the customer.

D) many can get by without selling on credit because their business customers don’t expect to use credit.

Answers (1)
  • Iva
    April 6, 2023 в 18:07
    The answer is B) it is expensive and requires a great deal of effort. Small businesses selling on credit must spend money and devote significant resources to establish credit policies, check credit scores, and monitor payment histories. Additionally, there are potential risks and costs associated with offering credit, such as delinquent payments or default. Therefore, selling on credit can be a complex and costly process for small businesses.
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