Prior to establishing trade credit, the firm is required to make extended formal agreements with the company.

Name: Prior to establishing trade credit, the firm is required to make extended formal agreements with the company.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Trade credit agreements can vary in formality and do not always require extended formal agreements before being established. Often, trade credit can be set up based on mutual trust and a simple agreement without extensive documentation.

Prior to Establishing Trade Credit, the Firm Is Required to Make