Single Answer MCQ
Q-00045445
How did credit positively impact Salim's business?
1
He faced higher debts.
2
He was able to expand his production capacity.
3
He reduced his workforce.
4
He encountered financial losses.
Answer and Solution
Answer
B. He was able to expand his production capacity.
Solution:
Credit allowed Salim to expand his production by hiring workers and purchasing materials, leading to increased business profits.
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