Asked by
Aimee Cheng
on Nov 07, 2024
Verified
An increase in product perishability will tend to lead to longer credit periods.
Product Perishability
Indicates how quickly a product will lose its value if not sold or consumed within a short period.
Credit Periods
The duration of time allowed by a seller for a buyer to pay for a product or service after the sale has been made, usually expressed in days.
- Assess how product features and market circumstances influence the terms of credit.
Verified Answer
WP
Learning Objectives
- Assess how product features and market circumstances influence the terms of credit.
Related questions
An Increase in Consumer Demand for the Product Will Tend ...
All Else Equal, the Credit Period Offered to a Firm's ...
Relatively Standardized Products Tend to Have Relatively Short Credit Periods
A Computerized System for Setting Raw Material Inventory Levels That ...
A Firm Will Likely Be Turned Down for Credit Due ...