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Q. Explain about Trade receivable days?
{Yearend trade receivables / Credit sales (or turnover)} x 365 days
This is the average length of time occupied by customers to pay. A long average collection means poor credit control and henceforth cash flow problems may occur. Normal stated credit period is 30 days for most industries. Alterations in the ratio may be due to improving or worsening credit control. Major new customer pays fast or slow. Change in credit terms or early settlement discounts are offered to customers for early payment of invoices.
Ansoff Growth Matrix The Ansoff Growth matrix is a framework that helps firms to decide their product and market growth strategy . Market penetration In market penetration
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The equivalent to competitive benefit in public services is Ans) Best value
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what have you learnt about business strategy?
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