3.Terms of Sale. Indicate which firm of each pair you would expect to grant shorter or longer credit periods:

a. One firm sells hardware; the other sells bread.

b. One firm’s customers have an inventory turnover ratio of 10; the other’s customers have turnover of 15.

c. One firm sells mainly to electric utilities; the other to fashion boutiques.

This is what I think but I am doubting myself.
a. hardware-shorter
b. ratio of 10-longer
c. electric utilities-longer

Give your reasoning (i.e. why) for choosing your answers and someone should give you some guidance.

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