A Firm's Credit Policy Consists of Which of the Following

question 13

Multiple Choice

A firm's credit policy consists of which of the following items?

• A) credit period, cash discounts, credit standards, collection policy.
• B) credit period, cash discounts, receivables monitoring, collection policy.
• C) cash discounts, credit standards, receivables monitoring, collection policy.
• D) credit period, receivables monitoring, credit standards, collection policy.
• E) credit period, cash discounts, credit standards, receivables monitoring.

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Definitions:

Small Businesses

Companies with a limited number of employees and revenue, playing a significant role in the economy.

Black Box Influence

The impact of systems or processes whose internal workings are not visible or easily understood by outside observers.

Consumer's Mind

The perceptions, attitudes, memories, and biases that influence how a customer thinks about a product, brand, or experience.

Evoked Set

The group of brands or businesses that come to a customer’s mind when she thinks of a type of product.