A successful credit policy balances an acceptable level of credit losses with the potential for profit from total credit sales.

Name: A successful credit policy balances an acceptable level of credit losses with the potential for profit from total credit sales.
Brand: Quizplus
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Question

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A successful credit policy should be designed in a way that minimizes credit losses while maximizing the potential for profit from credit sales. This balance is essential for the long-term financial health of a business.

A Successful Credit Policy Balances an Acceptable Level of Credit