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Business strategy
Consequences of excessive credit sales in business.
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[QUOTE="Axis, post: 339669, member: 66672"] It is no doubt a good thing if a business owner or business manager wants to issue goods and services on credits to customers and clients because according to statistics and research this has been one of the most expected way of winning the customer trust and loyalty, because it helps your customer to believe that you care about their needs and want not just their income for profit. In as much as credit sales in business can be advantageous, it can also be disadvantageous if don't excessively. Excessive credit sales in business can liquidate or bankrupts a business without the awareness of even the business manager or owner. Excessive credit sell can lead to slowly withering of the business inventory, without having any reasonable profit of income to show for it. Most times selling goods and services on credit can lead to bad debts in the sense that customers and clients are not able to pay for the product that they have purchased on credit due to one reason or the other and of course the businesses loses. [/QUOTE]
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