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Sagot :
A decrease in consumer demand Will tend to increase the length of the credit period. Thus, option B is correct.
What is credit?
Credit can refer to receiving anything of value, such as a car, the with understanding that you would pay it back later and frequently with interest. It may also refer to your capacity to take out loans or make credit-based purchases.
Your ability to obtain credit is determined in part by your credit record and credit score. A decline in customer needs will likely cause the credit duration to lengthen. The amount of days that a client has to wait after paying an invoice is known as the credit period.
The idea is crucial because it shows how much cashflow a company is prepared to put into its customer's outstanding in order to produce sales.
Therefore, option B is the correct option.
Learn more about credit, here:
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