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Quite simply, it enables you to sell more to people that want what you have, but are unable or unwilling to spend available cash. This can really help to grow a business.
A) If you extend the credit: Another benefit, is that charging interest increases your revenue. The risks are non-payment and running out of available working capital.
B) Accepting the credit of others, such as banks: This gives you protection, but there are increased costs, without the benefit of interest revenue.
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∙ 12y ago
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What are the advantages of selling on credit for a business?
One advantage of selling on credit for a business is attracting customers. Another advantage is earning money on the credit used.
What is the advantages and disadvantages of credit policy?
advantages of credit policy
Do the advantages of credit outweight the disadvantages of credit?
With the rampant credit card theft, its disadvantages are becoming more than its advantages.
What are the advantages of credit sales?
its advantages are * the person need not to pay money at sport *the person had got a credit offers in credit sales
What are the advantages and disadvantages of credit card?
The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.
What are the advantages of selling on credit for a business?
One advantage of selling on credit for a business is attracting customers. Another advantage is earning money on the credit used.
What is the advantages and disadvantages of credit policy?
advantages of credit policy
What are the main duties of selling credit cards?
what are the main duties of selling credit cards?
What are advantages of the national credit act?
the advantages of the consumers in the national credit act
Do the advantages of credit outweight the disadvantages of credit?
With the rampant credit card theft, its disadvantages are becoming more than its advantages.
What are the advantages of credit sales?
its advantages are * the person need not to pay money at sport *the person had got a credit offers in credit sales
How do you journalize accrued selling expenses?
[Debit] Selling Expenses [Credit Selling expense payable
Is credit card fee expense a selling or administrative expense?
selling expense.
What are the advantages of an online Experian credit report?
The advantages of an online Experian credit report are that you get them right away, no waiting for them to be mailed. They also give you an opportunity to monitor your credit.
What are the advantages and disadvantages of credit card?
The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.
What are the advantages of selling goods on credit?
The only advantage to selling goods on credit is that you attract more customers than someone who doesn't sell on credit. The Credit Card Companies all charge the merchant to have their machines in his or her store. I don't know the exact fee as each Credit Card Company has it's own policies, but the best method of payment for a merchant is cash, as he doesn't pay anyone anything on a cash based purchase, only the taxes he would normally pay.
What are the eight cs of credit?
CharacterConditionsCapitalCollateralCapacityControlCommunicationCross-Selling
