Small companies have the following three options for selling to customers on credit: ________.
A)credit cards, manufacturer credit, and trade credit
B)credit cards, installment credit, and trade credit
C)credit cards, installment credit, and poor credit
D)debit cards, installment credit, and trade credit

Question

Quizplus · Accepted Answer

Small companies can offer credit to their customers through different options, including credit cards, installment credit, and trade credit. Credit cards involve the use of credit cards for purchases, while installment credit allows customers to pay off purchases in a series of equal payments. Trade credit is another option that refers to the credit extended by suppliers to their customers. Of the given options, B is the best choice as it includes the most commonly used types of credit for small businesses, offering a flexible and convenient way for customers to purchase products and services.

Small Companies Have the Following Three Options for Selling to Customers