Solved: Components of a credit policy, Finance Basics

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Components of a credit policy

Question 1: In principle how would should we decide the optimal credit policy? How should Lawrence Sports decide their optimal credit policy?

Question 2: What information is commonly used to assess the creditworthiness of a client? How can LS assess the creditworthiness of their clients?

Question 3: What are the components of a credit policy? Describe the components of credit policy as it applies to LS?

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Finance Basics: Components of a credit policy

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