There is no perfect credit policy: too stringent a policy and business is lost; too easy a policy and income is lost.

Name: There is no perfect credit policy: too stringent a policy and business is lost; too easy a policy and income is lost.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

A perfect credit policy is hard to achieve because if it's too strict, potential customers might be deterred, leading to lost sales. Conversely, if it's too lenient, there's a higher risk of non-payment and financial losses for the business.

There Is No Perfect Credit Policy: Too Stringent a Policy