Asked by
Tracy Hower
on Dec 09, 2024
Verified
An increase in competition among sellers of the product will tend to lead to longer credit periods.
Credit Periods
The time frame allowed by a seller for a buyer to pay for goods or services received, without incurring interest or penalties.
- Recognize the impact of competition and product cost on the length of credit periods offered.
Verified Answer
JE
Learning Objectives
- Recognize the impact of competition and product cost on the length of credit periods offered.
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