The Basic Strategies That Should Be Employed by the Business

question 17

Multiple Choice

The basic strategies that should be employed by the business firm in managing cash include all of the following EXCEPT

• A) turning over inventory as quickly as possible, avoiding stockouts.
• B) paying accounts payable as late as possible without damaging the firm's credit rating.
• C) collecting accounts receivable as quickly as possible without damaging customer rapport.
• D) operating in a fashion that requires maximum cash.

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Definitions:

Conversational Commerce

The intersection of messaging apps and shopping; the practice of engaging customers in conversation through chat and voice interfaces to initiate the buying process.

Messaging Apps

Software applications designed for instant messaging through text, voice, video, or other media, often on smartphones and tablets.

G2C

Government-to-Citizen, the online interactions between government entities and the public, often for the delivery of information, services, and policies.

E-commerce

E-commerce refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.