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What are Advantages and disadvantages of a business granting credit to consumers?
Wiki User
∙ 14y ago
it develop a good relationship between customer and seller. also increased the sale's volume. than the profit margine of an organization increased...
Wiki User
∙ 14y ago
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What are the disadvantages advantages of granting credit to consumers?
Advantage : people can buy on credit n do their business by granting from financial instituionals n their by thus economy of a country rises n standard of people too. Disadvantage : as country's economy rises their will be price rise in every field n thus this all factors helps to push inflation . INFLATION is the main disadvantage.
What is Loan granting?
what are the introduction to loan granting
Factors bank consider before granting loans?
Type your answer here... what are the various step to be taken by commercial bank in gannting working capital loan to a business firm ?
What types of risk does the granting of credit entail?
The risk of lending on character is called "moral risk." The risk of lending on capacity is called "business risk." The risk of lending on capital is called "property risk."
What does the bank consider before granting an overdraft?
current ratio, net working capital and financial position are considered for granting an overdraft - DSR
What are the disadvantages advantages of granting credit to consumers?
Advantage : people can buy on credit n do their business by granting from financial instituionals n their by thus economy of a country rises n standard of people too. Disadvantage : as country's economy rises their will be price rise in every field n thus this all factors helps to push inflation . INFLATION is the main disadvantage.
What a the advantages and disadvantages to business of granting of credit to customer?
Many businesses grant credit to clients in order to attract their business For example a client that has a 30 day account can under the right circumstances have as long as 60 days to pay a bill on time. also by extending credit clients tend to phone you first when they have an account. The disadvantages are that you have to use your money to cover stock that others are using And the worst disadvantage can be that you don't get paid,
What are the advantages and disadvantages to a business of granting credit to customers?
Many businesses grant credit to clients in order to attract their business For example a client that has a 30 day account can under the right circumstances have as long as 60 days to pay a bill on time. also by extending credit clients tend to phone you first when they have an account. The disadvantages are that you have to use your money to cover stock that others are using And the worst disadvantage can be that you don't get paid,
What are the disadvantages to a business of granting credit to the customers?
Many businesses grant credit to clients in order to attract their business For example a client that has a 30 day account can under the right circumstances have as long as 60 days to pay a bill on time. also by extending credit clients tend to phone you first when they have an account. The disadvantages are that you have to use your money to cover stock that others are using And the worst disadvantage can be that you don't get paid,
What is a written contract granting permission to operate a business to sell products and services in a set way?
it requres u to have sex
What is Loan granting?
what are the introduction to loan granting
Why did it bother the Texans when Mexico abolished slavery?
Most American settlers were slave owners. Granting freedom to their own slaves was "bad for business".
What are some methods of Customer Relationship Management?
"Customer relationship management is useful in granting more positive relationships between customer and business, business and business in its varied forms. Also, it offers a stabilizing force in neighborhood relationship to business establishing a foothold or a renewed partnership with a community."
I am banking with you on behalf of my partner what procedure do i have to go through?
Incorporation of your business - a Power of Attorney - joint bank account - granting of the status of "Authorized Signatory."
What is the function of credit reporting agencies?
Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase these files
Factors bank consider before granting loans?
Type your answer here... what are the various step to be taken by commercial bank in gannting working capital loan to a business firm ?
Can one business receive two government grants?
As long as the business has provided full disclosure to all of the granting agencies concerning the other agencies involved, it is possible and totally legal to receive more than one government grant.
