In past years, our firm has paid cash at the time of purchase for all goods and services. We are considering the use of trade credit when it is made available to us by our suppliers. As some of the managers are unfamiliar with this concept, discuss how it works as well as the potential pros and cons to its usage. Fully overview the subject for us and then make a convincing argument for using or not using trade credit. Then identify and discuss any ethical implications to its usage of which we should be aware.
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