Explain the Different Kinds of Credit a Small Business Can

question 109

Essay

Explain the different kinds of credit a small business can offer its customers and the impact each has on pricing.

---

Definitions:

Observational Learning

Learning that occurs through observing the behavior of others and the consequences of those behaviors.

Cognitive Learning

A type of learning that involves mental processes such as attention, memory, and thinking, leading to changes in knowledge or understanding.

Behaviour

The way in which one acts or conducts oneself, especially towards others.

Instrumental Conditioning

An educational technique where behavior is altered by applying either incentives or penalties.