Question
Mwangi is a businessman in Kiahungu market. Give four factors that he has to consider when giving goods on credit.
Answer
- Repayment period
- Amount of goods the customer wants
- Availability of adequate space
- Honesty / reliability of the customer
- Frequency at which the customer buys from his business
- Mwangi's intention to attract and retain customers.
- Amount of goods the customer wants
- Availability of adequate space
- Honesty / reliability of the customer
- Frequency at which the customer buys from his business
- Mwangi's intention to attract and retain customers.
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