a firm selling on credit terms requires _________ working capital
(a). more
(b). medium
(c). less
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A firm selling on credit terms requires more working capital.
- A firm that offers products on credit is the one that claims credit after generating revenue, which means that a payout for the good or service will be released later.
- As a result, if a company sells on credit, it will require more working capital to carry out the routine activities for the production of the merchandise. Since working capital is the total amount of credit required to carry out the company's daily schedule manufacturing.
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