The potential advantages of extending credit to customers include all of the following except higher:
A)wage expenses.
B)profits.
C)customer satisfaction.
D)revenues.

Question

Quizplus · Accepted Answer

The advantage of extending credit is that it helps business customers buy products and services,thereby increasing the seller's revenues and profits.A disadvantage (rather than an advantage)of selling on credit is increased wage costs.If credit is extended,the company will have to hire people to evaluate whether each customer is creditworthy,track how much each customer owes,and follow up to collect the receivable from each customer.

The Potential Advantages of Extending Credit to Customers Include All