The advantages and disadvantages of extending credit
ID:CVADV
Video Overview
The first prize for a business is to operate on a cash only basis that ensures that, when the income is earned, the cash is received. Some businesses, due to their nature, will only operate on a cash basis, for example, a grocery store. Other businesses will have no alternative but to offer credit to its customers. Credit refers to the purchase or sale of goods or services where payment is deferred to a later date. In this tutorial we will focus on the advantages and disadvantages of extending credit.
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