Trade credit is: the process of checking actual performance against plans to ensure that desired financial results
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Trade credit is:
- the process of checking actual performance against plans to ensure that desired financial results occur for a company
- a company’s strategies for reaching some future financial position based on its credit rating and position in the industry
- rules governing a company’s extension of credit to customers
- the granting of credit by one company to another company that purchases products or services
- the management of cash inflows and outflows to ensure adequate funds for purchases and the productive use of excess funds
Related Book For
Cost Management A Strategic Emphasis
ISBN: 978-0077733773
7th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
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