In the Late 1980s and Early 1990s, Businesses Began to Emphasize

question 7

True/False

In the late 1980s and early 1990s, businesses began to emphasize finding ways to employ new technologies to improve existing methods of doing business.

Grasp the advantages and disadvantages of using credit.

Implement strategies to avoid credit card fraud.

Comprehend the significance of credit reports and what information they contain.

Understand the criteria used by banks (the 5 Cs of credit) to evaluate creditworthiness.

---

Definitions:

Equity Financing

Equity financing is the process of raising capital through the sale of shares in an entity, giving investors ownership interests in the company.

Average Collection Period

The average number of days it takes for a company to collect its accounts receivable after a sale has been made.

Credit Terms

Conditions under which credit will be extended to a borrower, including repayment terms, interest rates, and due dates.

Emphasis on Collections

A focus or prioritization on the process of obtaining payments from customers or clients for goods or services provided.