Asked by
Azier Sierra
on Nov 07, 2024
Verified
An increase in consumer demand for the product will tend to lead to longer credit periods.
Consumer Demand
The desire and willingness of consumers to purchase goods and services at given prices.
Credit Periods
The span of time businesses allow customers to pay off the amount due for the purchase of goods or services.
- Examine the effect of product specifications and the state of the market on the stipulations of credit.
Verified Answer
VG
Learning Objectives
- Examine the effect of product specifications and the state of the market on the stipulations of credit.
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