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Consequences of excessive credit selling in business.
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[QUOTE="CALVINDOL, post: 271727, member: 43757"] There is literally nothing wrong it should be the credit selling in your business and in fact it is absolutely one way that you can win the trust and loyalty of customers and clients. But one of the things we should avoid while making credit sales in our business is that we should not overly do it because when we overly do it our business suffers the repercussions and consequences. No doubt we may be making sales but yet we will be making no profit and sometimes we may end up issuing a credit sale to a customer or a client who possibly may not have the capability of paying us back and in that case it could lead to bad debt or irrecoverable debts. Credit selling of goods and services should be done practically unconsciously so that your business should not suffer any consequences. According to research and study is one of the reasons why businesses go bankrupt is that they issue a whole lot of credit selling of their inventories to customers and clients which is totally unadvised and wrong. [/QUOTE]
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Consequences of excessive credit selling in business.
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