Which Type of Financing Is Generally Used by New Car

question 83

Multiple Choice

Which type of financing is generally used by new car dealers to finance their inventories?

• A)Blanket inventory lien arrangement
• B)Trust receipt loans
• C)Committed line of credit
• D)Trade credit financing
• E)Field warehousing financing

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Definitions:

Xbox Brand

A video gaming brand created and owned by Microsoft, encompassing a range of video game consoles, games, and services.

Product Line Depth

The range of variations, such as size, color, or other attributes, offered for a particular product line.

Zappos

An online retail company known for its wide selection of shoes and clothing, along with a strong focus on customer service.

Significant Inventory

Significant Inventory refers to a large amount of stock on hand, indicating the accumulation of products that a business has available for sale or production purposes.