Small Companies Have the Following Three Options for Selling to Customers

question 96

Multiple Choice

Small companies have the following three options for selling to customers on credit: ________.

• A)credit cards, manufacturer credit, and trade credit
• B)credit cards, installment credit, and trade credit
• C)credit cards, installment credit, and poor credit
• D)debit cards, installment credit, and trade credit

---

Definitions:

Market Forces

Natural economic factors that influence supply, demand, and prices within a marketplace, shaping business dynamics.

Prices

The amount of money required to purchase goods or services, typically determined by factors such as demand, supply, and production cost.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at that price.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in the quantity of output sold.