Which of the following is NOT a benefit of providing credit to customers?
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Which of the following is NOT a benefit of providing credit to customers?
A. It may result in increased sales
B. It may encourage customer loyalty
C. It may attract new customers
D. It may improve the
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- Overall, do you believe that extending credit to customers is a good business practice? Why or why not?3) Long-term customer relationships easier to credit risks. A) reduce; screen B) increase; screen C) reduce; increase D) increase; increase the cost of information collection and make itExplain why rewarding sales personnel on the basis of total sales might not be in the best interests of a business whose goal is to maximize profits.
- What support does Finance teams need to give a customer-oriented company a. Link size of client to customer value b. Not interfere in any activity c. Pricing, taxation and collection data d. Pay salaries on timeThey need to attract the customers by providing various benefits and advantages and taking steps to retain them in their business. I)How can this be solved in the financial system?Assess the external and internal factors that influence credit policy and decision making within a company that extends credit to its customer when providing a good or service on account. Indicate which factor you believe is most significant in today's business environment. Provide support for your rationale.
- Efficient customer service could be achieved through avoiding stock outs by making accurate A. Costs B. Sales C. Discounts D. Forecasts1. Discuss what could possibly cause the problem of high returns of goods in a business 2. How do high returns of goods affect the finance and accounts department of business? 3. What are some contributing factors for customers who experience short deliveries?Accounts receivable are customer payments. (increased/decreased) by credit sales and are Need help? Review these concept resources. Read About the Concept increased decreased) by
- By giving clients with a variety of perks and advantages, as well as taking measures to keep them as customers, they need to attract and retain customers. Is there a way to fix this in the banking sector?Which of the following is a benefit of selling on credit? Select one: Expenses are reduced by making sales to a wide range of customers. Revenues are increased by making sales to a wider range of customers. Cash is received sooner. Some customers do not pay, creating an expense. Clear my choiceWhich of the accounting controls ensure that a company's resources are used efficiently and economically? Select one: a. All of the available choices b. Making use of any payment discounts that are available c. Paying bills on time Od. Bidding for suppliers
