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    Elements of Credit Policy

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    What are four elements of a new firm's credit policy? To what extent can firms set their own credit policies as opposed to having to accept policies that are dictated by "the competition"?

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    The four elements in a firm's credit policy are (1) credit standards, (2) credit period, (3) discount ...

    Solution Summary

    Elements of a new firm's credit policy and the relation to are discussed.