Effective credit management involves establishing credit, Ask an Expert

Finance

Effective credit management involves establishing credit standards for extending credit to customers, determining the company's term of credit, and setting up procedures for invoicing and collecting past-due accounts.

The following statement refers to a credit management policy. Select the best term to complete the sentence.

The minimum financial strength a customer must have to be granted credit is indicated by the company's

______________.

A. credit standards

B. Terms of credit

C. collection of policy

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91587537

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