Small companies have three options for selling to customers on credit:
A) credit cards, manufacturer credit, and trade credit.
B) credit cards, installment credit, and trade credit.
C) credit cards, installment credit, and poor credit.
D) debit cards, installment credit, and trade credit.

Question

Quizplus · Accepted Answer

Credit cards and trade credit are common options for small businesses. Installment credit may be a good choice for larger purchases with longer payment terms. Poor credit is not a viable option for selling on credit, as it increases the risk of nonpayment and hurts the company's credit score. Debit cards are not a form of credit, so they are not a valid option for selling on credit.

Small Companies Have Three Options for Selling to Customers on Credit