Town Hardware sells goods on credit with payment due 30 days after purchase.If payment is not received by the 30^th day,the store mails a friendly reminder to the customer.If payment is not received by the 45^th day,the store calls the customer and requests payment and also stops offering credit to that customer.These procedures are referred to as the store's:

Question

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The procedures mentioned in the scenario relate to the store's collection policy, which outlines the steps the store takes to collect payments from customers who have purchased goods on credit. The other options are not relevant to the given context.

Town Hardware Sells Goods on Credit with Payment Due 30