One way to increase profitability is to reduce the time lag between the date money is mailed by customers and the date it is deposited in a company's bank account.

Question

Quizplus · Accepted Answer

Reducing the time lag between receiving payments from customers and depositing the money into a bank account can improve cash flow, allowing a company to use the funds more quickly for operations or investments, thereby potentially increasing profitability.

One Way to Increase Profitability Is to Reduce the Time