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Busıness Fınance I
BUSINESS FINANCE I Dersi Working Capital Management soru cevapları
BUSINESS FINANCE I Dersi Working Capital Management soru detayı:
SORU:
What is the credit policy?
CEVAP: A credit policy establishes guidelines to follow in the decision to grant or reject credit to a customer as well as the terms and conditions of the grant. By that definition, it directly affects the volume of investment a company makes in receivables. It should be prepared by the involvement of sales and finance managers of the company by taking into account the requirements of competition, industry and general economic conditions.
A credit policy establishes guidelines to follow in the decision to grant or reject credit to a customer as well as the terms and conditions of the grant. By that definition, it directly affects the volume of investment a company makes in receivables. It should be prepared by the involvement of sales and finance managers of the company by taking into account the requirements of competition, industry and general economic conditions.