Credit sales - SS2 Commerce Past Questions and Answers - page 1

Selling goods or services for immediate cash

Selling goods or services at a discount

Selling goods or services on credit, allowing payment at a later date

Trust and relationship with customers

Availability of cash on hand

Competitive pricing strategy

Immediate cash flow and reduced administrative costs

Increased sales and customer loyalty

Decreased competition and higher profit margins

Reduced administrative costs and increased cash flow

 Higher profit margins and decreased competition

Risk of bad debts and cash flow challenges

Product development and marketing

Credit checks, invoicing, and collections

Employee training and recruitment