Answered

A business has its credit limit increased from [tex]$100,000 to $[/tex]150,000. Which benefit of a favorable credit rating is the business receiving?

A. Access to better products
B. Better credit terms
C. Lower interest rates
D. Shorter repayment periods



Answer :

GinnyAnswer

Final answer:

A business benefits from a favorable credit rating through better credit terms like lower interest rates and longer repayment periods.


Explanation:

A business benefits from a favorable credit rating through Better credit terms. When a company's credit limit is increased, it allows them access to more funds at potentially more favorable conditions, such as lower interest rates and longer repayment periods.


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