Suppose that,as a small business owner,you decide to buy a new copying machine.Since you cannot afford to pay cash,you finance the machine over 12 months.The copy machine itself will serve as loan collateral.The major source of credit for this type of purchase is a(n)
A) investment company.
B) sales finance company.
C) venture capital firm.
D) consumer finance company.
E) factoring company.

Question

Quizplus · Accepted Answer

sales finance company.

Suppose That,as a Small Business Owner,you Decide to Buy a New