The Three Primary Functions of Business Communication Are to Inform,to

question 53

Short Answer

The three primary functions of business communication are to inform,to persuade,and to promote ____________________.

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Definitions:

Account Payables

The obligations of a business to pay off short-term debts to its creditors or suppliers, typically recorded as liabilities on the balance sheet.

Average Collection Periods

The average amount of time it takes for a business to collect payments owed by its customers, indicating the efficiency of the company’s credit and collection policies.

Credit-Granting Policies

Credit-granting policies are the guidelines a business follows in determining who qualifies for credit, how much credit is offered, and under what terms.

Return On Equity Ratio

A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.