In a competitive market it's necessary to extend credit to at least some customers so as to avoid losing market share to competitors.
BT: Comprehension

Name: In a competitive market it's necessary to extend credit to at least some customers so as to avoid losing market share to competitors. BT: Comprehension
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Question

Quizplus · Accepted Answer

This statement is true as extending credit to customers could ensure their loyalty to a company and prevent them from switching to competitors who may offer credit facilities.

In a Competitive Market It's Necessary to Extend Credit to at Least