Business Studies

Trade credit is needed to promote the ________ of an organisation.


ANSWER

Sales


SOLUTION
Trade credit is commonly used by business organisations as a source of short-term financing. It is granted to those customers who have reasonable amount of financial standing and goodwill.If an organisation wants to increase
its inventory level in order to meet expected rise in the sales volume in the near future, it may use trade credit to, finance the same.
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Single Correct Medium Published on 18th 08, 2020
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