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Question
| Suvidha Store is a grocery store that retails fast-moving consumer goods. The store buys its supplies on credit and sells them on cash basis. With growing competition, it has also started selling goods on credit. |
The above step taken by Suvidha store may lead to ______ in its working capital requirement and its cash conversion cycle will be ______.
Options
increase, longer
decrease, longer
no change, longer
increase, shorter
MCQ
Fill in the Blanks
Solution
The above step taken by Suvidha store may lead to increase in its working capital requirement and its cash conversion cycle will be longer.
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