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Discuss explicit and implicit coercion as a method for managing resistance to change.Identify its advantage and drawback.
Concentration Account
A single centralized bank account designed to streamline cash management by consolidating funds from multiple accounts, often used by corporations to improve liquidity management.
Zero-Balance Account
A bank account that keeps a zero balance by instantly moving money from a primary account in the precise amount needed to settle any checks drawn on it.
Regional Offices
Physical locations established by companies in various regions or countries to handle local operations or provide support.
Lockboxes
A service offered by banks to companies for the collection of payment from customers, involving the use of special post office boxes.
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