What is credit management? What is its objective?
What will be an ideal response?
Credit management involves (1) deciding how customers will pay for purchases, (2) setting credit policies and practices, and (3) administering credit operations. The objectives of each of these activities are to increase profits, increase customer stability, and protect the firm's investment in accounts receivable, which is often the largest single asset on the firm's balance sheet.
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Marketing research is the process of identifying a target market. 2. The first step in the marketing research process is problem identification. 3. Cash register receipts and census data are both considered secondary data. 4. Mystery shopping is a method of collecting secondary data. 5. Quality is the totality of features and characteristics in a product or service that affects its ability to meet or exceed customer needs.
An organization's competitors and employees are considered to be stakeholders who are affected by the organization's decisions and actions.
Answer the following statement true (T) or false (F)
In a continuous probability distribution, the probability that x will take on an exact value:
a. is equal to the height of the curve at that value. b. is calculated using the probability density. c. is always equal to 0. d. is always greater than 0. e. None of these is correct.
DML commands are used to create or modify database tables
a. True b. False Indicate whether the statement is true or false