Which one of the following factors tends to favor longer credit periods?
A)high consumer demand
B)lower priced merchandise
C)increased credit risk
D)merchandise with low collateral value
E)increased competition

Question

Quizplus · Accepted Answer

Increased competition often leads to businesses offering longer credit periods as a way to attract or retain customers by providing more favorable payment terms.

Which One of the Following Factors Tends to Favor Longer