Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 7MC
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Question
What are the advantages and disadvantages of Credit?
Expert Solution
Step 1
Credits are usually offered by banks to individuals or business organizations. Credits are easy to get & there are no complicated formalities. At the time of repayment, credits have to be repaid along with interest.
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