Which of these firms will benefit the most from a lock-box service?
A) A firm that has a large number of suppliers
B) A firm that writes a large number of checks daily
C) A firm that has a geographically dispersed customer base
D) A firm that sells goods to a very limited number of customers

Question

Quizplus · Accepted Answer

A lock-box service is most beneficial for firms with a geographically dispersed customer base as it speeds up the collection and processing of payments from customers across different locations.

Which of These Firms Will Benefit the Most from a Lock-Box