0
How do companies account for the possibility that some of their customers might not pay down the road?
Wiki User
∙ 11y ago
Companies account for the possibility that some of their customers might not pay down the road by either continuing to send out invoices at regular intervals or taking the extreme measure of taking them to court.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What might a bank use a database for?
To store detail of customers,how much they have in the bank,what their billing address is,the account name,account type,sort code,account number,and more like them above.
Why would a company maintain separate account receivable ledgers?
Well, 1st account receivables are money that customers send a company. If companies only received money from one source like credit cards, they would only have to maintain one account receivable ledger. Multi-Divisional companies like Wal-Mart receive their payments from cash, credit cards, gift cards, food stamps, and whatever, but they have millions of customers everyday. So, they might choose to have separate ones for each state. It basically just a way of organizing each company has different needs, and if you want someone as director to know which employee screw up where, they'll have different account receivable ledger to keep track of who's doing what and whether someone is stealing. Companies can't tell if everything is okay, if it is so cluttered, it's like finding a needle in a hay stack. They have to have everything "bite size", and easy to digest.
How many Types of bank accounts?
Specially there are2 type of bank accounts that we generally consider that are as follow: 1.Saving Account:- used by any customers who has an account in that bank, generally used for saving deposit also for primary salary account. 2. current/Checking account :Generally given to the bank's primary customer. the benefit of this account is that a customer can transfer a large amount and might be a greater sum than their original account balance.
What account might iTunes use when it incurs shipping costs on account?
t account
What does a service charge mean on a bank statement?
A Service Charge is a monetary charge a bank might deduct from a customers account for the services provided by them. For ex: Some Banks in India that provide a customer with an International VISA Debit card charge them an annual fee of Rs.100 per card. This is a charge the customer has to pay in order to utilize the benefit of having an international debit card. Apart from this, there are many other charges a bank might levy on its customers. For more details you can visit the website of the bank in which you hold or wish to hold an account.
Can employees date customers?
Some companies might not be happy about it, but yes they can.
What might a bank use a database for?
To store detail of customers,how much they have in the bank,what their billing address is,the account name,account type,sort code,account number,and more like them above.
How might established companies be affected by the new products entering their industries?
Companies's market share will be affected by new products. Customers may switch to the new products.
Do you get banned if you try to go on Rockhopper's account?
There is a possibility you might get banned trying to go on his account. If you try you should stop immediately! I have never seen anyone actually get his password!
What are the risks of a gap in the map?
the customers might not be interested in your business.your business might fail because you can't compete with the big names in the market.big companies will already have gained customer loyalty.because your a new business customers will not gain popularity that easily.
How can the internet facilitate sales and marketing to individual customers?
1. Direct SalesVia the internet, products can be sold directly to customers, thus removing intermediaries. This process is called disintermediation. Products can thus be sold at lower price to customers.2. Customer Self-ServiceWith e-commerce, customers can obtain detail about the product they wish to buy without relying on sales representatives. Usually, these websites would provide enough information about each product, with the possibility for the customer to send email or get in forums to request more information. Some websites offer the possibility for viewing products in 3-D, giving customers a better idea of their products.3. Online HelpdesksMany companies also provide online helpdesks to assist customers in their queries. Some companies have online helpdesks which operate 24/7.4. Personalised ServicesBy using complex software which can analyse the tastes and preferences of customers, companies can offer personalised products to customers. For example, if you visit a website repeatedly, after some time, a personalised webpage might be displayed in front to you which lists products you would be mostly interested to buy.
Why might a business that is entirely product oriented find it difficult to survive?
It may not be responding to consumer needs. It may be producing a product that is out of date or one that no longer meets the needs of customers. Market-orientated companies will probably take the customers away from the product-orientated companies and they will lose their
Setup an administrator account and user account?
Control panel -> User accounts. Depending on your Windows version you might have to click "Manage another account" before given the possibility to "Create new account". Choose "Administrator" in the setup wizard.
What companies should be consulted to purchase stocks?
There are many companies one might consult when desiring to purchase stocks. One such reputable company is the Edward Jones Investment Company, which offers many services to their customers.
3 What might be the most important internal strength or weakness of a company why?
The most important internal strength or weakness of a company is customer service, because companies rely on their customers for growth, without which, companies collapse.
How might SITCI further develop its website to provide unique services to the global market that could not be provided by the big online companies?
by providing better service to customers
You Can Benefit From Finance Companies?
Finance companies fill important roles by servicing customers that banks won�t service. Although a finance company acts a lot like a bank by providing financing and loans, it differs from a bank in that it does not accept deposits from its customers. Because they are not banks, finance companies often show more flexibility by lending to customers who otherwise might not qualify for a loan. Because banks may have tighter lending standards than finance companies, people with less than perfect credit will likely want to start their search from financing by including finance companies.
