Indicate which firm, of each pair, you wouldexpect to grant shorter or longer credit periods (1 mark)
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Question:
Indicate which firm, of each pair, you wouldexpect to grant shorter or longer credit periods (1 mark) and why (1 mark).
a. One firm sells smart phones; the other specializes in high-end Greek yogurt and other health foods. (2 marks)
b. One firm has an inventory turnover ratio of 7; and the other has a turnover of 6. (2 marks)
c. One firm sells their product to banks, while the other firm sells to companies that sell fishing tackle. (2 marks)
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