Marketing dashboards are used to monitor strategic marketing performance

Which of the following changes to the terms of credit would make the effective annual rate increase?

A) Extend the discount period B) Increase the cash discount percentage C) Extend the payment period D) All of these changes will increase the effective rate

Keeping merchandise inventory at the maximum level that meets the needs of providing goods to customers, with turning over the merchandise inventory efficiently, helps reduce inventory storage costs, insurance costs, and warehousing costs

Indicate whether the statement is true or false