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!© BrainMass Inc. brainmass.com June 3, 2020, 5:42 pm ad1c9bdddf
When profit contribution from sale is greater than cost contribution.
Relaxing credit ...
The solution explains what condition is necessary to relax credit standards.