__________are established to eliminate the necessity of checking a major customer's credit each timea major purchase is made.
A) Credit standards
B) Lines of credit
C) Credit policies
D) Credit departments

Question

Quizplus · Accepted Answer

Lines of credit are established to provide a pre-approved amount of credit for a customer, eliminating the need to check their credit every time a purchase is made. Credit standards refer to the criteria used to evaluate a customer's creditworthiness, credit policies refer to the overall guidelines for extending credit, and credit departments are the departments responsible for managing credit and collections.

__________Are Established to Eliminate the Necessity of Checking a Major