Answered

Multiple Select Question

Select all that apply:

Advantages of using a credit card in small business financing include:

A. They save time.
B. Cards are accepted in many places.

Disadvantages of using a credit card in small business financing include:

A. They can be a risky way to finance.
B. The cost of borrowing is expensive.



Answer :

GinnyAnswer

Final answer:

Using a credit card in small business financing has advantages like saving time, wide acceptance, and credit score building benefits.


Explanation:

Advantages of using a credit card in small business financing include time-saving benefits and wide acceptance at many places, aiding in convenience of transactions. Additionally, a credit card can help build credit scores, which is beneficial for various aspects of life beyond just financing needs.


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