Asked by
James Witherspoon
on Nov 07, 2024
Verified
High-demand products tend to have relatively short credit periods.
High-demand Products
Products that are in large demand by consumers, often leading to quick sales and potentially higher prices.
Credit Periods
The time allowed by a seller to the buyer for the payment of an invoice or bill, typically expressed in days.
- Acknowledge the connection between the inherent properties of products, like perishability, demand levels, and cost factors, and the determination of credit term lengths.
Verified Answer
DL
Learning Objectives
- Acknowledge the connection between the inherent properties of products, like perishability, demand levels, and cost factors, and the determination of credit term lengths.
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