What Should a Company Do to Improve Its Accounts Receivable

question 85

Multiple Choice

What should a company do to improve its accounts receivable turnover rate?

• A) Lower its selling prices.
• B) Increase its sales force.
• C) Give customers credit terms of 2/10, n/30 rather than 1/10, n/30.
• D) Reduce the number of employees working in the credit department.

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Definitions:

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A matrix used to analyze market segments versus products to identify opportunities for market growth and product development.

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A specific time or event when food is consumed, often characterized by the type of food, the setting, and the company present.