A reduction in production and selling costs as a percentage of sales would usually lead to a more liberal credit policy.

Name: A reduction in production and selling costs as a percentage of sales would usually lead to a more liberal credit policy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When production and selling costs are reduced, the company becomes more profitable and may have more resources to extend credit to customers, leading to a more liberal credit policy.

A Reduction in Production and Selling Costs as a Percentage