Uptown Markets Recently Did an Analysis of Its Credit Policy

question 13

Essay

Uptown Markets recently did an analysis of its credit policy and considered several different options.Once the analysis was completed and reviewed,the firm adopted the most optimal policy.The president then stated: "Now,that's done.So we don't ever have to go through that process again." Do you agree? Justify your answer.

---

Definitions:

Effectiveness

The degree to which something is successful in producing a desired result or outcome.

Productivity

The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

Structure Meetings

A systematic approach to organizing meetings with predefined agendas, objectives, and time frames to ensure productivity and efficiency.

High-Context

A communication style wherein much of the message is conveyed through the context or non-verbal cues rather than through explicit words.