The following statement pertains to credit policy: A customer who forfeits a cash discount is accepting a high cost for credit financing.

Name: The following statement pertains to credit policy: A customer who forfeits a cash discount is accepting a high cost for credit financing.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Forfeiting a cash discount for later payment effectively increases the cost of purchasing goods on credit, as the buyer ends up paying more than the discounted price.

The Following Statement Pertains to Credit Policy: a Customer Who