Functions of credits to retailer and wholesalers. - SS2 Commerce Past Questions and Answers - page 1
What function of credit allows retailers to offer seasonal or promotional sales?
Cash flow management
Business growth
Customer satisfaction
What is one function of credit for wholesalers?
Inventory acquisition
Cash flow management
Customer support
How does credit help retailers manage their cash flow?
By expanding their physical stores
By attracting new customers
By delaying payments to suppliers
What can wholesalers use credit for?
Supplier relationships
Inventory sales to retailers
Business expansion
What function of credit benefits both retailers and wholesalers?
Cash flow management
Customer satisfaction
Supplier relationships
Explain one function of credit to retailers in simple terms.
One function of credit to retailers is that it allows them to acquire inventory without immediate payment, enabling them to stock their stores and meet customer demand.
How does credit benefit wholesalers in managing their cash flow?
Credit allows wholesalers to sell inventory and generate revenue before making payments to suppliers, helping them align their expenses with their sales and manage their cash flow effectively.