Assess the external and internal factors that influence credit policy and decision making within a company that extends credit to its customer when providing a good or service on account. Indicate the factor of most significance in today’s business environment. Provide support for your rationale.
Assuming that a certain percentage of customers will be deemed high risk, recommend a strategy to minimize a company’s bad debt exposure. Indicate how the company would implement the strategy. Provide support for your recommendation.
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