Lately, Inc. is having trouble obtaining trade credit primarily because it has a policy of paying its suppliers 20 or more days late. Lately is being rejected because of its ______________.

A) Capacity.
B) Character.
C) Capital.
D) Collateral.
E) Economic condition.

Trade Credit

A form of credit extended by suppliers allowing customers to purchase goods or services and pay for them at a later date.

Payment Policy

Guidelines or procedures set by a company to manage how and when payments are made and received.

Economic Condition

The state of the economy at a given time, including factors such as GDP growth rates, unemployment rates, and inflation rates.