All Else Equal,firms with (1)excess Capacity,(2)low Variable Costs,and (3)repeat Customers

question 25

Essay

All else equal,firms with (1)excess capacity,(2)low variable costs,and (3)repeat customers are more apt to offer liberal credit terms to their customers than are other firms.Explain why this tendency exists.

---

Definitions:

Stress

A state of mental or emotional strain resulting from adverse or demanding circumstances.

Job Dissatisfaction

A state of discontentment or unhappiness with one's job, often leading to reduced productivity and morale.

Good Decision

A conclusion or resolution reached after consideration.

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.