Why do retailers offer credit?

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asked Aug 16, 2022 111k views

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Vjangus · Answer 1 · 2022-08-21T19:08:01+0000

A consumer credit system allows consumers to borrow money or incur debt, and to defer repayment of that money over time. Having credit enables consumers to buy goods or assets without having to pay for them in cash at the time of purchase.

Why do retailers offer credit?

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Why do retailers offer credit?