How Is Credit Approval Generally Handled for Established Customers with a Documented

question 24

Multiple Choice

How is credit approval generally handled for established customers with a documented payment history?

• A)A new credit application is requested.
• B)General authorization by a sales clerk
• C)Specific authorization by the credit manager
• D)A formal credit check should be made for each sale.

---

Definitions:

Advertising

A form of marketing communication used to promote or sell a product, service, or idea through various media channels.

Nonpersonal Communication

A type of messaging that does not involve direct personal contact between the sender and receiver, such as advertising, publicity, and sales promotions.

Identified Sponsor

An entity or person who is openly acknowledged as funding or endorsing an advertisement or promotional activity.

Pioneering

The act of being the first to develop or use new methods, areas of knowledge, or activities, often leading to innovation in a field.