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statuscvo [17]
2 years ago
13

How can a company limit bad debts?

Business
2 answers:
xxTIMURxx [149]2 years ago
8 0

\huge\pink{Q}\pink{u}\pink{e}\pink{s}\pink{t}\pink{i}\pink{o}\pink{n}\pink{:}

<u>How can a company limit bad debts?</u>

<h2>• Answer •</h2>

  • <u>Filter your customers. Not all customers are good for your business.</u>
  • <u>Require up-front payments.</u>
  • <u>Set reasonable credit limits.</u>
  • <u>Provide clear payment terms and penalties.</u>
  • <u>l</u><u>mprove your accounting.Implement strict collection procedures.</u>
  • <u>Use cloud-based software for debt collection.</u>
elena-s [515]2 years ago
3 0

Answer:

<u>The best way of controlling bad debts is </u><u>not to provide credits to everyone</u><u>. As more amount of credit will be given to the people, the risk of bad debts will increase. The funds left should be used for the development of the company.</u>

Explanation:

hope it helps :)

pls mark brainleist :P

`

`

`

<em>Tori </em>

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