The main reason for extending credit is to increase sales.
Correct Answer:
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Q31: General pricing guidelines are known as pricing
Q32: Markup on cost and markup on selling
Q33: If a company ships goods F.O.B. seller,
Q34: If a company ships goods F.O.B. Buyer,
Q35: If all customers within the same demographic
Q37: The two general categories of credit are
Q38: Trade credit is credit extended from retail
Q39: A credit term of 2/10 net 30
Q40: A company's credit policy will have an
Q41: A competitive advantage differentiates the company from
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