Which of the following statements is true?
I. New companies must be prepared to incur more bad debts than established businesses as part of the cost of building up a good customers list
II. Generally, repeat orders are profitable
III. Companies with high profit margins need to be particularly careful about extending credit to high-risk customers

Question

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I. New companies must be prepared to incur more bad debts than established businesses as part of the cost of building up a good customers list.II. Generally, repeat orders are profitable.

Which of the Following Statements Is True