Minimize bad debt losses-small business owners

Reference no: EM13319865

To minimize bad debt losses, small business owners should:

a. screen customers carefully before granting them credit.

b. ask customers to complete a detailed credit application that will enable business owners to judge their creditworthiness.

c. check customers' credit references.

d. establish a firm credit-granting policy and inform every customer in advance of their companies' credit terms.

e. All of the above.

Reference no: EM13319865

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