When Factoring Is Done on a Nonrecourse Basis,the ___ Has

question 31

Multiple Choice

When factoring is done on a nonrecourse basis,the ___ has title to the receivables and the ___ is responsible for credit checking and collecting the receivables.

• A)factor,factor
• B)factor,borrowing firm
• C)borrowing firm,factor
• D)borrowing firm,borrowing firm

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Definitions:

Distribution Centers

Facilities that store and distribute a company's inventory to retail locations or directly to customers.

Value Chain

A model that outlines the series of activities that add value to a company's products or services, from conception to delivery and beyond.

Push Strategy

A marketing approach that involves taking the product directly to the customer via distribution channels to ensure visibility and convenience.

Economic Recession

A short-term economic slump marked by lower levels of commerce and industrial production, usually indicated by two successive quarter declines in the Gross Domestic Product.