When to relax credit standards
Not what you're looking for?
When should credit standards be relaxed ___________
when sales are expected to increase, when costs are expected to decrease, when costs are excepted to increase faster than sales if the standards are not relaxed, or when the profit contribution from sales is greater than the cost contribution
I believe - when the profit contribution from sales is greater than the cost contribution - is the best choice
please advise answer & why - thanks!
Purchase this Solution
Solution Summary
The solution explains what condition is necessary to relax credit standards.
Solution Preview
When profit contribution from sale is greater than cost contribution.
Relaxing credit ...
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.