Asked by Angel Martinez on May 05, 2024
Verified
Trade credit can take the form of all but which of the following?
A) consignment goods
B) seasonal dating
C) extended payment periods
D) reference payment periods
Trade Credit
A type of credit extended by a seller to a buyer allowing the buyer to purchase goods or services and pay for them at a later date.
Seasonal Dating
An arrangement that allows buyers to make payments at a later date, often used to accommodate seasonal fluctuations in sales or production.
Consignment Goods
Products held by a seller, but still owned by the supplier until they are sold to a consumer.
- Learn about the multiple forms of credit that are available for business purposes.
Verified Answer
Learning Objectives
- Learn about the multiple forms of credit that are available for business purposes.
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