What Are the Benefits of Credit to Both Buyers and Sellers

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The Answer is Benefits of credit to buyers include the following:
• Access to working capital, often allowing for continuity of operations.
• The ability to satisfy immediate needs and pay for them later.
• Better records of purchases on credit billing statements.
• Better service and greater convenience when exchanging purchased items.
• The ability to establish a credit history.
Benefits of credit to sellers are as follows:
• Facilitation of increased sales volume.
• The ability to earn money on unpaid balances.
• A closer association with customers because of implied trust.
• Easier selling through telephone- and mail-order systems and over the Internet.
• Smoother sales peaks and valleys, since purchasing power is always available.
• Easy access to a tool with which to stay competitive.

What Are the Benefits of Credit to Both Buyers and Sellers

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What Are the Benefits of Credit to Both Buyers and Sellers

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Correct Answer:VerifiedShow Answer

Correct Answer:
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