Which of the following strategies could be used to reduce cash outflows?

Question

Quizplus · Accepted Answer

All three strategies mentioned (cutting expenses, limiting inventory levels, and making use of creditor terms) can help reduce cash outflows. By identifying areas of duplication and cutting unnecessary expenses, a business can free up cash that can be used to pay down debt or invest back into the business. Limiting inventory levels can reduce the amount of money tied up in stock, freeing up cash for other uses. Finally, making use of creditor terms such as longer payment periods or early payment discounts can help improve cash flow and reduce the amount of cash leaving the business.

Which of the Following Strategies Could Be Used to Reduce