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Question 2 (1 point) A number of retail firms may offer extended credit terms to their customers and interest is charged on any overdue accounts.
Question 2 (1 point) A number of retail firms may offer extended credit terms to their customers and interest is charged on any overdue accounts. Which of the following is less likely to represent an advantage of offering extended credit? 1) Enhancement of customer loyalty 2) Increase in the company's ability to engage in targeted advertising to its cardholders and to analyse buying patterns 3) Increase in the company's sales and gross margin 4) Interest income from overdue accounts 05) Reduction in bad debts
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