Examlex
In comparison to business-format franchising, product-distribution franchising is more of a turnkey approach to franchising.
Total Collection Time
The total amount of time taken to collect payments from customers from the point of sale to the actual receipt of funds.
Customer Cheques
Checks written by customers to pay for goods or services.
Monthly Statements
Financial reports that are issued at the end of each month detailing the financial activities, such as income and expenses, over the course of that month.
Collection Time
The standard timeframe a business needs to obtain amounts owed by its customers.
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