Which one of the following is NOT one of the three steps involved in establishing a credit policy?
A)Establishing credit payment patterns
B)Establishing credit standards
C)Establishing a collection policy
D)Establishing credit terms

Question

Quizplus · Accepted Answer

The three steps involved in establishing a credit policy are establishing credit standards, establishing credit terms, and establishing a collection policy. Establishing credit payment patterns is not a step in this process, as it is more of an outcome or result of having a credit policy in place.

Which One of the Following Is NOT One of the Three