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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

Buying goods on credit is a business practice where the purchaser receives goods immediately and agrees to settle the payment at a future date, rather than paying upfront. The other options describe immediate cash payment or restricted payment terms that do not match the definition of credit purchases.

Answer:

promise to pay for goods later.