Credit Management
The modern day business environment has made trade credit to be an essential component for many businesses. In the UK for example, close to 90% of the business transactions between firms are on credit (Boden & Paul, 2014, p. 260). The implication is that companies have the dilemma of gaining the advantages that come with trade credit and the risks that go with this phenomenon. Credit management practices for the modern day business, therefore, need to be strategic to ensure that a company continues to enjoy success in the market. The ability of a company to successfully gain a competitive ...
