<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>
Answer:
D) Offering different prices to different customers for the same product
Explanation:
A price discrimination strategy refers to selling the same product or service to different customers at different prices. Companies will try to charge each customer the highest price he/she is willing to pay for the product or service. Theoretically, if a company is able to carry out a successful price discrimination strategy, consumer surplus would be eliminated because the company would charge every customer the highest possible price.
I think it's <span>none of the above.</span>
