Answer to Question #95035 in Economics for Lusanda Mrasi
Discuss the measures a business can put in place to try to rectify a poor payment culture by its debtors. (9)Marks
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2019-09-23T09:04:17-0400
- Reduce Trading Terms.
- Ask for a deposit.
- Hire a part-time debt collector or restructure.
- Remove 30,60,90+ Days from statements.
- Offer better terms for payment upfront.
- Charge interest for outstanding debt.
- Cease supply for non-payment.
- Quote Upfront.
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