According to the Text,another Term for Effective Downsizing Is

question 56

Multiple Choice

According to the text,another term for effective downsizing is

• A)under sizing.
• B)rightsizing.
• C)left sizing.
• D)life sizing.
• E)resizing.

Understand the importance of audience adaptation in creating business messages.

Recognize the ethical considerations in business communication.

Grasp the role of corporate culture in shaping communication practices.

Understand how visual elements contribute to the effectiveness of business documents.

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Definitions:

Credit Period

The length of time for which credit is extended. If the credit period is lengthened, then sales will generally increase, as will accounts receivable. This will increase the firm’s financing needs and possibly increase bad debt losses. A shortening of the credit period will have the opposite effect.

Credit Search

A process used by lenders to review an individual's or business's credit history before granting loans or credit.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Accounts Receivable

Funds that a company is entitled to receive from its customers for products or services that have been provided but not yet compensated for.