Which of the following is the best way to reduce a company's losses due to bad debts?
A) Increase sales volume by lowering their prices to make their products more affordable.
B) Do not grant credit to companies that use a bank overdraft as a source of financing.
C) Manage the accounts payable so that they become an automatic source of financing.
D) Direct more customers to purchase from their on-line website using PayPal.
E) Press the customer for immediate payment when the customer exceeds its terms of credit.
Correct Answer:
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