What are the benefits enjoyed by a trader who does not sell on credit?

      

List the benefits enjoyed by a trader who does not sell on credit.

  

Answers


Maurice
(i) He/ she does not suffer cash flow shortage/ working capital is readily available.

(ii) Does not waste time following customers to pay.

(iii) Does not suffer from bad debts.

(iv) Does not spend money on debt collection.

(v) Does not incur cost of keeping records of debtor.
maurice.mutuku answered the question on July 24, 2017 at 06:12


Next: Give three reasons that would make adolescent interact freely with peers.
Previous: Outline four characteristics of each of the following adolescents features:

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions