Which of the Following Will Affect the Length of the Period

question 20

Multiple Choice

Which of the following will affect the length of the period of credit granted to customers?

• A)the degree of competition within the industry.
• B)the bargaining power of particular customers.
• C)typical credit terms operating within the industry.
• D)all of the above.

---

Definitions:

Bargaining Power of Buyers

The ability of buyers to negotiate lower prices or better terms with sellers, influenced by factors such as market competition and buyer concentration.

Threat of New Entrants

A term used in industry analysis referring to the possibility and ease with which new competitors can enter the market and impact existing businesses.

Degree of Rivalry

The intensity of competition among entities within the same industry or market.

Sociocultural

Relating to the combination of social and cultural factors that influence behaviors, values, and attitudes in a society.