Credit standards are an important element of a firm's credit policy. What are credit standards, and how do they assist in the management of receivables? Your response should contain: • A definition • 2-3 items that help to form of a credit standard • ● Statement of how tight/loos standards affect sales and receivables Any other point you consider to be relevant

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question 2
Credit standards are an important element of a firm's credit policy.
What are credit standards, and how do they assist in the management of receivables?
Your response should contain:
• A definition
•
•
●
2-3 items that help to form of a credit standard
Statement of how tight/loos standards affect sales and receivables
Any other point you consider to be relevant
Transcribed Image Text:Question 2 Credit standards are an important element of a firm's credit policy. What are credit standards, and how do they assist in the management of receivables? Your response should contain: • A definition • • ● 2-3 items that help to form of a credit standard Statement of how tight/loos standards affect sales and receivables Any other point you consider to be relevant
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