Read and summarize chapter 20 of your Financial Management Text in at least 400 words.
-What is trade credit?
-Is it beneficial to a business to offer trade credit? why or why not?
-How is credit worthiness determined?
-Research the term “after pay.” In your opinion, who does it help more, the customer or the business? Explain your answer.
-What is inventory?
-What is JIT?
-How is inventory monitored?
