When Companies Extend Credit to Customers

question 18

Multiple Choice

When companies extend credit to customers,:

• A) losing sales generally increases.
• B) not collecting money from customers decreases.
• C) not collecting money from customers increases.
• D) the business stays the same.
• E) sales decrease.

---

Definitions:

Legal Action

A process of pursuing a lawsuit or judicial proceedings to resolve disputes or enforce legal rights.

Multiple Listing Service

A comprehensive database of available real estate listings provided by real estate brokers participating in a cooperative agreement.

Mortgage Rate

The interest rate applied to a mortgage loan, determining the cost of borrowing for the acquisition of a property.

Special Mortgage Rate

A mortgage interest rate that is offered by lenders under certain conditions that is typically lower than the standard rate available to most borrowers.