Which of the following goals need to be addressed for extending credit to customers?
A) Getting as many customers as possible
B) Arranging a loan and making regular payments of interest
C) Keeping the number of bad accounts as low as possible
D) Increasing the time between a credit sale and cash receipt

Question

Quizplus · Accepted Answer

Keeping the number of bad accounts as low as possible is important when extending credit to customers as it helps to minimize losses due to non-payment or bad debt. Choosing A would prioritize quantity over quality, while B and D are specific actions rather than overarching goals.

Which of the Following Goals Need to Be Addressed for Extending