To boost sales, small businesses, especially start-ups, should grant credit to anyone who wants to buy their products or services.

Question

Quizplus · Accepted Answer

While granting credit may seem like a good way to boost sales, it can also increase the risk of bad debt and cash flow issues for small businesses. It's important for small businesses to establish credit policies and vet potential customers to minimize risk and ensure sustainable growth.

To Boost Sales, Small Businesses, Especially Start-Ups, Should Grant Credit