The first step to building a workable credit policy is:
A)screening customers carefully before granting them credit.
B)establishing a firm credit policy in writing.
C)developing a policy for pursuing past-due accounts.
D)creating a thorough credit application.

Question

Quizplus · Accepted Answer

Screening customers carefully before granting them credit is the first step to building a workable credit policy because it helps to identify and mitigate potential risks associated with extending credit to customers.

The First Step to Building a Workable Credit Policy Is