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.


Learn more about Credit Rating Benefits here:

https://brainly.com/question/45359581


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