Question

k. How you will safeguard the deposits of the customers from financial losses

Answer 1

Answer:

1. Thoroughly check a new customer’s credit record.

2. Use that first sale to start building the customer relationship.

3. Establish credit limits.

4. Make sure the credit terms of your sales agreements are clear.

5. Use credit and/or political risk insurance.

6. Use factoring.

7. Develop a standard process for handling overdue accounts.

hope it helps u

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