One Way to Reduce a Firm's Cash Conversion Cycle Would

question 38

True/False

One way to reduce a firm's cash conversion cycle would be to have as many customers as possible pay using credit rather than cash.

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Definitions:

Business Owners

Individuals who own and often operate a business, assuming the financial risks and responsibilities associated with their venture.

Income Uncertainty

Refers to the unpredictability in the amount of money earned from one's job or investment, leading to financial instability.

New Business

An enterprise recently established to provide goods or services to a market.

Successful Entrepreneur

An individual who has effectively identified a market opportunity and organized the resources necessary to capitalize on it, resulting in a profitable and sustainable business venture.