Factoring Versus short term Loan:
Factoring is not a short term loan. It is the contract of sale of total or some quantity of receivables at discount however short term loan might be the amount that is received on particular rate of interest. Sometime, net receivables might collateral security of secured short term loan.
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Controlling the costs, already pre-determined on the basis of assumption of reasonable level of efficiency taking the past, present and future into account is the main focus of cost control.
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