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Credit sale, meaning, disadvantages and advantages
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[QUOTE="funmi, post: 216666, member: 38880"] Credit sales is been done most times to.encourage patronage. People technically set up margins and leverage where by customers can be attracted to buy a certain quantity of a product or service. They also sometimes design the payment plans in such a way that it becomes very flexible for the customers to pay at some certain times. This is also common with those online loan application companies. Although as we know credit sales is regarded as goods or services given to a buyer and payments are been received at a later date. This times of facilities is been made available to those who have a right standing with the business organization. As we all know all fingers are not equal hence we need to give some level of considerations to our customers according to their needs. Although we must have some sought of safety measures for our business and set out a guildline that will determine who and who can qualify to access such facilities from us. This is to put our business on a safer side as some customers may not always keep to their promises and this may have a negative effect on our busienss. Hence we must be careful. [/QUOTE]
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