Which one of the following factors most supports a longer credit period being offered to customers?
A) Higher consumer demand
B) Lower priced merchandise
C) Increased credit risk
D) More perishable merchandise
E) Increased competition

Question

Quizplus · Accepted Answer

Increased competition often leads companies to offer more favorable terms, such as longer credit periods, to attract or retain customers. This can be a strategic move to stay competitive in the market.

Which One of the Following Factors Most Supports a Longer