Question

Credit evaluation of a customer is a cost process hence it need not be undertaken by a selling firm

Answer 1

Answer:

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Answer 2

The statement is False

Explanation:

• Credit evaluation is the procedure or the process which an individual or a business need to go through or follow in order to become eligible for the loan or to pay for the services and goods over a period.

• The credit evaluation is also acknowledge as the process lenders or the business undertake in order to determine the request for the credit.

• Therefore, this process is not a cost process as the cost process is the one which trace and accumulates the direct cost.