BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Developing payment and credit systems to help customers purchase goods and services is a component of
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distribution
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financing
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marketing information management
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selling
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Explanation:
Detailed explanation-1: -Money, financial instruments, financial markets, banks, regulatory agencies, central banks, Federal Reserve System, credit cards.
Detailed explanation-2: -This process is based on a review of five key factors that predict the probability of a borrower defaulting on his debt. Called the five Cs of credit, they include capacity, capital, conditions, character, and collateral.
Detailed explanation-3: -Credit allows a purchaser to take possession of the goods and pay the supplier at an agreed upon later date. There are three components in creating a credit policy: term of sale, credit extension and collection policy.
There is 1 question to complete.