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Changing Credit Terms to Require Payment in 30 Days Rather

question 328

True/False

Changing credit terms to require payment in 30 days rather than 20 will likely increase the firm's
cash cycle.


Definitions:

Durable Goods

Consumer products that have a long life span and are not consumed or worn out quickly.

New Technologies

The development and application of innovative tools, processes, or systems that improve or transform existing methods or create entirely new capabilities.

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