Describe the Nature of Trade Credit, Factoring and Bank Overdrafts

question 44

Essay

Describe the nature of trade credit, factoring and bank overdrafts as sources of short-term finance.

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Definitions:

Biological Preparedness

A concept in psychology that suggests organisms are innately predisposed to form associations between certain stimuli and responses.

Conditioned Taste Aversions

A learned aversion to a particular food or drink because it has been associated with an unpleasant or nauseating experience.

Heredity And Environment

The two principal factors that influence an individual's physical and psychological traits: genetic inheritance and external conditions or surroundings.

Behaviour Modification

A technique or intervention designed to change harmful or undesirable behaviors using principles of learning theory.