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The firm incurs ____ cost when the customer failed to pay the amount to it on the expiry of credit period

The firm incurs ____ cost when the customer failed to pay the amount to it on the expiry of credit period

Q. The firm incurs ____ cost when the customer failed to pay the amount to it on the expiry of credit period.

A.            Administrative cost

B.            Credit administrative

C.            Delinquency

D.            Opportunity cost

Answer: Delinquency

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