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Five (5) objectives of a credit policy are listed as follows:
* To ensure consistency in the processes and procedures used to manage all credit aspects of an organization
* To ensure that the expectations of the management of an organization and the credit department are aligned and met consistently
* To ensure that all customers are treated fairly when making credit decisions
* To provide for succession management and training if credit personnel leave the business
* To evaluate credit decision making and adjust as circumstances warrant
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What are the objectives of a credit policy?
Five (5) objectives of a credit policy are listed as follows: * To ensure consistency in the processes and procedures used to manage all credit aspects of an organization * To ensure that the expectations of the management of an organization and the credit department are aligned and met consistently * To ensure that all customers are treated fairly when making credit decisions * To provide for succession management and training if credit personnel leave the business * To evaluate credit decision making and adjust as circumstances warrant
What is the optimum credit policy?
The Optimum Credit Policy is a policy that is applied if you have a near perfect credit rating. Most people strive for an Optimum Credit Policy.
What is the advantages and disadvantages of credit policy?
advantages of credit policy
Difference between goals and objectives in business policy?
Goals are broad objectives are narrow. Goals are general intentions; objectives are precise. Goals are intangible; objectives are tangible. Goals are abstract; objectives are concrete. Goals can't be validated as is; objectives can be validated
What policy concerns banks credit and currency?
monetary policy
What are the objectives of a credit policy?
Five (5) objectives of a credit policy are listed as follows: * To ensure consistency in the processes and procedures used to manage all credit aspects of an organization * To ensure that the expectations of the management of an organization and the credit department are aligned and met consistently * To ensure that all customers are treated fairly when making credit decisions * To provide for succession management and training if credit personnel leave the business * To evaluate credit decision making and adjust as circumstances warrant
What is the optimum credit policy?
The Optimum Credit Policy is a policy that is applied if you have a near perfect credit rating. Most people strive for an Optimum Credit Policy.
Fiscal policy and its objectives?
fiscal policy OBJ. in relation to taxation policy and expenditure policy
What is the advantages and disadvantages of credit policy?
advantages of credit policy
Objectives of areas of public policy in Tanzania?
what are the areas of public policy in Tanzania
What Objectives of Monetary policy?
The objectives of monetary policy are to stabilise the currency,check the inflationary trend, to minimise the current account deficit as a percentage of the GDP. The monetary policy is generally controlled by the Finance Ministry,with Federal Reserve Bank playing the pivotal role in fulfilling the above objectives.
What is meant by Credit Policy?
Credit Policy refers to the written guidelines and protocols that related to credit. This will include the specific terms and conditions for any credit transactions.
What is the gunboat policy?
The gunboat policy refers to the pursuit of foreign policy objectives with the aid of naval power. It is a display of military power.
Difference between goals and objectives in business policy?
Goals are broad objectives are narrow. Goals are general intentions; objectives are precise. Goals are intangible; objectives are tangible. Goals are abstract; objectives are concrete. Goals can't be validated as is; objectives can be validated
What are the important dimension of a firms credit policy?
The important dimensions of a firm's Credit policy are: 1. Credit standards 2. Credit period 3. Cash discount
What policy concerns banks credit and currency?
monetary policy
What should written policy statements be?
Two major objectives of well written policy statements are that they be clear and concise
