An entrepreneur can potentially improve collections by ________.
A)contacting the customer once the bill becomes past due to verify they have received the bill and that it is accurate
B)negotiate payment if the customer is unable to pay the full amount on time
C)developing a rapport with the customer that will lead to prompt payment
D)All the above

Question

Quizplus · Accepted Answer

All of the given methods can potentially improve collections. Contacting the customer to verify the accuracy of the bill and negotiating payment can help resolve any issues or concerns the customer may have, ultimately leading to payment. Building a rapport with the customer can encourage prompt payment and foster a positive business relationship.

An Entrepreneur Can Potentially Improve Collections by ________