AUnder What Circumstances Should a Retailer Maintain Its Own Credit

question 31

Essay

a.Under what circumstances should a retailer maintain its own credit card operation?
b.Under what circumstances should a retailer outsource credit management to a third party?

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Definitions:

Create Invoice

The process of generating a bill for goods delivered or services provided, detailing the amount due from the customer.

Collections Reports

Detailed reports that track the status of payments due from customers, often highlighting overdue payments or accounts receivable.

Tracking

The act of monitoring the progress or movement of an item or entity, often through the use of technology or software.

Sales

The activity or business of selling products or services.