Identify the likely advantage(s)of extending credit to customers.

Name: Identify the likely advantage(s)of extending credit to customers.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

By extending credit to customers, a company can increase sales by allowing customers to purchase products or services even if they don't have the funds to pay upfront. This can lead to increased revenue and profits for the company. However, it is important to have a system in place to manage credit risk and ensure timely payment from customers.

Identify the Likely Advantage(s)of Extending Credit to Customers