Identify the "Big Three" of Cash Management

question 36

Essay

Identify the "big three" of cash management. As a small business consultant, what would you recommend your clients do to control the "big three" more effectively?

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Definitions:

Goods and Services

The tangible products (goods) and intangible activities (services) that are produced and consumed by the economy.

Blocking Imports

Policy measures taken to restrict the importation of goods from foreign countries.

Tariff

A tax imposed by a government on goods and services imported from other countries, aiming to protect domestic industries from foreign competition.

Quota

A government-imposed trade restriction limiting the number or monetary value of goods that can be imported or exported.