Examlex
Which of the following is an advantage of trade credit?
Minimize Losses
The strategy or process of reducing the amount of losses incurred by a business, investment, or action as much as possible.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity levels.
Self-actualization Needs
According to Maslow's hierarchy, the highest level of psychological development where an individual reaches their full potential.
Psychological Development
The growth and change in an individual's cognitive, emotional, and social capabilities and behaviors throughout their life.
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