A Disadvantage of Using Credit as a Source of Liquidity

question 73

Multiple Choice

A disadvantage of using credit as a source of liquidity is the

• A) inconvenience of using credit.
• B) potential cost of finance charges.
• C) acceptability of credit by creditors.
• D) poor records available after credit use.

---

Definitions:

R&D-Manufacturing Efficiencies

Enhancements and optimizations in the research and development and manufacturing processes to improve productivity and reduce costs.

Organization's Function

The primary activities and responsibilities carried out by an organization to achieve its objectives, including operations, marketing, finance, and human resources.

Strategic Marketing Process

A systematic approach to identifying opportunities, developing strategies, and implementing actions to achieve marketing and organizational goals.

Evaluation Phase

A critical stage in the project management or marketing campaign process where outcomes are assessed against objectives to determine success.