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What are the disadvantages to a business of granting credit to customer?
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What are Advantages and disadvantages of a business granting credit to consumers?
it develop a good relationship between customer and seller. also increased the sale's volume. than the profit margine of an organization increased...
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.
Disadvantages of selling goods on credit?
non payments customer may go bankrupt
Write an essay on risks to a business of granting credit to customers?
Businesses take on many risks when granting credit to customers. If the bank is lending money for an unsecured loan, there is nothing that can be held as collateral should the customer default on their payments. Also, in certain states, if the consumer files for bankruptcy, the bank may have no legal hold on any assets, and will not be able to get back the money they have lent out.
A potential creditor's judgment about granting credit would be most influenced by the potential customer's?
trend of acid-test ratio over the past three years
What are Advantages and disadvantages of a business granting credit to consumers?
it develop a good relationship between customer and seller. also increased the sale's volume. than the profit margine of an organization increased...
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 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 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 is a bouge in the car business?
A customer who has bad credit.
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.
Disadvantages of selling goods on credit?
non payments customer may go bankrupt
Write an essay on risks to a business of granting credit to customers?
Businesses take on many risks when granting credit to customers. If the bank is lending money for an unsecured loan, there is nothing that can be held as collateral should the customer default on their payments. Also, in certain states, if the consumer files for bankruptcy, the bank may have no legal hold on any assets, and will not be able to get back the money they have lent out.
What is the job description for a credit manager?
The basic job description for a credit manager is to be accountable for the entire credit granting process. This process includes the consistent application of credit policy, periodic credit reviews of existing customer, and the assessment of the creditworthiness of potential customers.
A potential creditor's judgment about granting credit would be most influenced by the potential customer's?
trend of acid-test ratio over the past three years
What must a business do in order to begin reporting customer credit information to the bureaus?
A business needs to apply for membership with the credit bureau (or bureaus) with whom the business wishes to provide customer credit information. Each of the three (3) major credit bureaus provides a mechanism for a business to join and begin leveraging credit reporting services. The web pages to do so for each of the reporting agencies are included as related links for this question.
Is Initial Underwriting group a legitimate business?
I used them 4 years ago to get credit for my business. Customer service was pretty good. I got a credit card for 20k. I still have a pretty strong business credit score today.
