Question

Write at least two policies that a company could use to decide which customers to offer credit to. (1-2 sentences. 2.0 points)

Answer 1

Policies on which customer to offer credit.

Step-by-step explanation:

1. If a customer is consistent in patronizing our products with integrity for 6 months, such customer should be given products on credit for not more that 30 days to payback. This is only when such request is made by the customer.

2. If a customer has good relationship and credit record with his bank for more than 12 calendar months, and wishes to request for products on credit, such customer should be granted such privilege.

Answer 2

Companies could offer credit to customers who pay and have beneficial rewards.

Companies could also offer credits to senior citizens as a promotional thing