In which of the following industries are you most likely to find factoring being used?
A) the tire industry
B) the fast-food industry
C) the soft drink industry
D) the appliance industry

Question

Quizplus · Accepted Answer

Factoring is commonly used in industries where there is a lengthy period between when goods are delivered or services are performed and when payment is received. This is often the case in the appliance industry where manufacturers must wait for payment from retailers or distributors.

In Which of the Following Industries Are You Most Likely