Which of the Following Is One of the Three Main

question 17

Multiple Choice

Which of the following is one of the three main reasons to introduce a change?

• A) solve a problem
• B) maintain efficiency
• C) maintain workload
• D) acknowledge that change is inevitable

Understand the concept of credit cost curve and its implications for credit policy.

Define credit period and identify factors influencing it.

Understand the concept of credit scoring and its application in credit evaluation.

Analyze the impact of economic conditions on a firm’s credit policy.

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Definitions:

Corporate Communications

The management function responsible for overseeing and facilitating communication within an organization and between the organization and its external stakeholders.

Organizational Branding

The process of developing and promoting a distinct identity and image for a business or organization in the mind of the target market.

Global Competition

The dynamic and competitive relationship among companies and countries around the world for market share, technological advances, and workforce talent.

Online Commerce

The buying and selling of goods and services through internet platforms, encompassing e-retail, online marketplaces, and electronic transactions.