Influencing Factors in Determining Credit Terms
Journal Title: International Journal of Management, IT and Engineering - Year 2017, Vol 7, Issue 11
Abstract
Setting credit terms in compliance with stated credit policy of the company before taking a credit granting decision is very much essential for every business firm. Credit terms are the arrangements between buyer and seller which specify the conditions of payments of goods or services purchased.What credit terms will be followed by sellers is depend upon the seller‟s place in the market, and the credit terms on which he is buying from his own suppliers. Next most important aspect for the seller is that the availability of funds, he needs to finance his own credit sales.From the customer point of view, it is probably desirable to use credit limits, because this practice will tend to hold his temptation to overbuy or commit himself beyond his ability to repay.
Authors and Affiliations
Dr Amitava Basu
Keywords
Related Articles
- EP ID EP18920
- DOI -
- Views 311
- Downloads 16
PERCEPTION OF CUSTOMERS TOWARDS SERVICE QUALITY: A STUDY OF DIGITAL BANKING PRACTICES
Intense use of digital technology for delivering banking services is becoming most prevalent because of reduced cost and quick delivery of services. Most frequent use of smart phones and growth of e- commerce lead to t...
A Meta Analytical Study on Leadership Integrity : A leadership Ethics Perspective
Integrity is one of the top attributes of a great leader and a concept of consistency of actions, values, methods, measures, principles, expectations and outcomes. This trait in a leader is a deep commitment to do the...
Effect of media on Cognitive Dissonance among Rural and Urban Adolescents
The study was conducted to find the relationship, between media and cognitive dissonance, at high school level. Furthermore to test, whether, the urban teenagers had exhibited cognitive dissonance as compared to the ru...
Various Routing Protocols Performance Analysis for WiMAX Network
Worldwide Interoperability for Microwave Access (WiMAX) is a useful technology provides fixed and mobile access and offer the same subscriber experience for fixed and mobile user. WiMAX Provides other significant facil...
Review of the literature on Opportunities and constraints in adoption of electronic banking
Banking is the lifeline of an economy. A strong and healthy banking system is important requirement for economic growth. Indian banking industry, today is observing an IT revolution. The implementation oelectronic bank...