In a credit management program,a retailer generally needs to balance the ability of credit to generate additional revenues against the cost of processing credit payments (including bad debts).

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This statement accurately reflects the main objective of a credit management program for retailers. They need to weigh the benefits of offering credit to customers against the potential costs involved, such as processing fees, interest charges, and the risk of non-payment or bad debts. By finding the right balance, retailers can maximize sales and profits while minimizing financial risks and expenses.

In a Credit Management Program,a Retailer Generally Needs to Balance