How does trade credit results in risk of bussiness?
Dear student,
Trade credit is available to only those companies which have a good track record of repayment and is not available for new companies. If business is unable to repay it on time it leads to business risk, as it involves huge cost in case delay is made.
Regards
Trade credit is available to only those companies which have a good track record of repayment and is not available for new companies. If business is unable to repay it on time it leads to business risk, as it involves huge cost in case delay is made.
Regards