Lockboxes should be located:
A)in every town where a firm has a customer.
B)geographically close to a firm's primary customers.
C)only in major urban areas since those are the key financial areas of the country.
D)close to a firm's home office.
E)only in cities where the firm has regional offices.

Question

Quizplus · Accepted Answer

Lockboxes should be located geographically close to a firm's primary customers to minimize the time it takes for payments to be received and processed, thereby improving cash flow efficiency.

Lockboxes Should Be Located