A(n)________ Company Uses Networks to Link People,assets,and Ideas,enabling It to Work

question 6

Short Answer

A(n)________ company uses networks to link people,assets,and ideas,enabling it to work with other companies to create products and services without being limited by traditional organizational boundaries or physical locations.

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Definitions:

Wire Transfers

Electronic transfers of funds across a network administered by banks or transfer service agencies globally.

Average Collection Period

The average number of days it takes a company to collect payments from its credit sales.

Credit Sale

A transaction where the payment for the purchased goods or services is deferred to a future date.

Credit Applicant

A Credit Applicant is an individual or business entity that applies for a loan or line of credit from a lending institution.