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to buy goods on credit means to pay cash for goods. promise to pay for …

Question

to buy goods on credit means to pay cash for goods. promise to pay for goods later. promise to pay only a sale price. pay only a discount price.

Explanation:

Brief Explanations

When buying goods on credit, the key concept is that payment is deferred. Paying cash immediately is not credit. Paying only a sale price or discount price doesn't define credit. Credit specifically means a promise to pay later.

Answer:

promise to pay for goods later.