A retailer seeking to minimize bad debts should utilize what type of credit?
A) revolving credit account
B) commercial credit card
C) option credit account
D) open credit account

Question

Quizplus · Accepted Answer

A commercial credit card provides the retailer with more control over the credit extended. The credit limit and payment terms are set by the card issuer, and the retailer can monitor and restrict employee spending on the card. This helps to minimize bad debts because the retailer has more oversight and can prevent overspending or unauthorized purchases.

A Retailer Seeking to Minimize Bad Debts Should Utilize What