A retailer can most easily improve its collection period by a significant degree by _____.
A)switching to vendors which grant liberal credit terms
B)raising its initial markup
C)encouraging retail credit customers to use bank and commercial credit cards
D)using point-of-sale systems

Question

Quizplus · Accepted Answer

Encouraging retail credit customers to use bank and commercial credit cards can improve the collection period as these cards typically ensure faster payment to the retailer compared to in-house credit systems.

A Retailer Can Most Easily Improve Its Collection Period by a Significant