Functions of credit to the wholesaler and retailer. - SS2 Commerce Past Questions and Answers - page 1
What is one function of credit to the wholesaler?
Managing customer relationships
Financing business expansion
Setting product prices
How does credit help retailers manage their cash flow?
By aligning expenses with sales revenue
By reducing inventory costs
By providing immediate cash payments
What benefit can wholesalers gain from timely payments and credit usage?
Enhanced customer satisfaction
Improved supplier relationships
Increased market share
How can retailers utilize credit for business growth?
By reducing inventory levels
By offering seasonal promotions
By focusing on cost-cutting measures
What is one function of credit in retail customer satisfaction?
Offering flexible payment options
Increasing product prices
Reducing product variety
Define the function of credit to the wholesaler in simple terms.
How does credit help retailers manage their cash flow effectively?