The most widely used source of short-term funding that Mr. Boyd (and other small business owners) would use to operate their business is trade credit.
<h3>What is Trade Credit?</h3>
This refers to the purchase financing where a person is allowed to collect goods and pay for them at a later date.
Hence, we can see that short term fundings are used to help startups and other businesses to stay afloat and the type of funding used by Mr. Boyd is trade credit.
Read more about trade credit here:
brainly.com/question/18648957
#SPJ1
Answer: Ture. It satisfies Utilitarian needs
Explanation:
Utilitarian needs are our basic needs or those needs that either make our lives better if they were to be satisfied.
They can be satisfied by buying products that satisfy our basic needs as well as products of great quality with cheaper pricing, offer us variety and/or give us more convenience.
The washer and dryer that Marco is going to buy will give him more convenience which means that it is satisfying a Utilitarian needs.
