How he could reduce the risk of the crisis occurring


Problem

To get the best price John buys the goods in bulk and pays the manufacturer in advance in their local currency. He then ships the goods to Australia and stores them in a Sydney warehouse.

Most customers are given 30-day invoices, irrespective of the quantity of goods they buy. John believes that most customers pay on or before the 30 days, but he thinks that some may be paying much later, possibly as late as 60 days (but he is not sure)

Provide suggestions to John about how he could reduce the risk of this crisis occurring.

Request for Solution File

Ask an Expert for Answer!!
Business Management: How he could reduce the risk of the crisis occurring
Reference No:- TGS03214166

Expected delivery within 24 Hours