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Credit control means mcg

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Credit control means mcg

Posted by Preety Singh 3 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 3 years, 4 months ago

Credit Control: Credit control is a strategy employed by manufacturers and retailers to promote good credit among the creditworthy and deny it to delinquent borrowers. This will both increase sales and decrease bad debts, thus improving a company's cash flow.

Credit control is an important component in the overall profitability of many firms.

Credit control is the system used by a business to make sure that it gives credit only to customers who are able to pay, and that customers pay on time.

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