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Credit policies are established to approve customer to purchase on account and terms are established...

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Finance

Credit policies are established to approve customer to purchase on account and terms are established to let customers know when a payment is due and whether there's a discount if they pay early:

  • What factors are important to consider when setting credit terms for your customers?
  • What happens if the credit policy is strict?
  • What happens if the credit policy is too liberal?
  • How would either credit policy work for a business you own?

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