if a company did not extend credit to customers: multiple choice gross revenue would be expected to increase. costs and sales revenue would be expected to increase. costs and sales revenue would be expected to decrease. gross profit would be expected to increase.

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25-10-2022
Business

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if a company did not extend credit to customers: multiple choice gross revenue would be expected to increase. costs and sales revenue would be expected to increase. costs and sales revenue would be expected to decrease. gross profit would be expected to increase.

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-27T12:44:06-04:00

If a company did not extend credit to customers, then in that case cost and sales revenue would be expected to decrease. So, the correct answer is (c).

Every business operates in a market that is competitive. Despite the fact that it's ideal, it is not always feasible to do all transactions on a cash basis. You must provide an alternative service if your rivals are providing payment terms to their clients in order to get their business. Selling to clients on credit offers benefits and drawbacks. Before entering the potentially hazardous territory of taking credit risks with clients, a businessperson must weigh the consequences for his organization.

If a company starts selling its products to customers on credit basis, in that case there will be an increase in sale and also customers will develop a kind of feeling that company trusts them. Customers will continue to purchase from you as a result of these confident actions. They'll feel a certain amount of attachment, and they desire to conduct business with somebody they can trust. But if a company do not offer credit to its customers, it will lead to loss in revenue as they will not be your repeated customers.

Learn more about credit here:

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