are the criteria the firm uses to screen credit applicants in order to determine which of its customers should be offered credit and how much.
A)Credit terms
B)Credit standards
C)Seasonal datings
D)Credit extension policies

Question

Quizplus · Accepted Answer

Credit standards are the criteria a firm uses to determine the creditworthiness of a potential customer. These standards can include factors such as credit history, financial stability, and payment behavior. By evaluating these factors, a firm can determine which customers are likely to pay their bills on time and are therefore a good credit risk. This information can then be used to determine credit limits and repayment terms for each customer.

Are the Criteria the Firm Uses to Screen Credit Applicants