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If a Debt Owed by a Customer Is Not Large

question 15

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If a debt owed by a customer is not large and the customer is in financial difficulty,negotiating a payment plan or even writing off the debt may be more practical than spending money to try to collect on the account.


Definitions:

Relatedness

A sense of connection or belonging to others, often considered a fundamental human need influencing motivation and mental health.

Growth

The process of increasing in size, amount, or importance.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Physiological

Relates to the functions and activities of living organisms and their parts.

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