A ﬁrm will likely be turned down for credit due to concerns about its ___________ if there are signs that the ﬁrm's industry is in general decline.

Name: A ﬁrm will likely be turned down for credit due to concerns about its ___________ if there are signs that the ﬁrm's industry is in general decline.
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Question

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Economic conditions refer to the overall state of the economy or industry, and if an industry is in decline, lenders may be concerned about the firm's ability to succeed and repay credit.

A ﬁRm Will Likely Be Turned Down for Credit Due