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)