Question

An alternative to cash whose use provides assurance to a seller that a buyer has a satisfactory credit rating and that payment will be received from the issuing financial institution

Match the term with its definition. Some terms may not be used.

a. Aging schedule

b. Average pricing

c. Bad-debt ratio

d. Break-even analysis

e. Break-even point

f. Contribution margin

g. Elastic demand

h. Elasticity of demand

i. Inelastic demand

j. Value

Answer

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