Want this question answered?
A liberal credit policy may attract people who don't have enough money to make their payments. With a liberal credit policy, a business will have to have a strict collection department.
Trade Credit Insurance is a type of insurance which is offered to businesses. The insurance policy covers accounts receivable, guards against bankruptcy, and protects the business against credit risks.
What is SWOC analysis and explain its relevance to business decision making
What is SWOC analysis and explain its relevance to business decision making
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_relevance_of_standard_deviation_in_business
advantages of credit policy
the relevance of computer to business environment
ok
To network computers.
When a business offers favorable terms to clients who make purchases through short-term financing, this is called a liberal credit policy. Sometimes it involves the business offering buyers discounts for making early payments or they allow them to have a longer period to pay without charging them a penalty.
economics relevance to business organisation