Assess the external and internal factors that influence credit
policy and decision making within a company that extends credit to its
customer when providing a good or service on account. Indicate the
factor of most significance in today’s business environment. Provide
support for your rationale.
Assuming that a certain percentage
of customers will be deemed high risk, recommend a strategy to minimize
a company’s bad debt exposure. Indicate how the company would implement
the strategy. Provide support for your recommendation.