Please write 150 plus words per question.
Question 1) Apart from the collection and payment policies, what other collection and payment policies could you use to better balance the cash flow needs of a company with its business partner relationships?
Question 2) How can you sustain good longer-term relations with business partners (customers and vendors) in the face of the need to improve cash flow and hold down bank borrowing?
Question 3) If a company's need to improve its cash flow may have led to delaying payment to a small vendor, which is very dependent on that company. How does the company balance the ethical issue of possibly putting the small vendor out of business with its need to improve its own cash flow?