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Consequences of excessive credit selling in business.
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[QUOTE="Axis, post: 285421, member: 66672"] Personally I do not think that there is any theory that disputes the ability or capability of businesses to issue credit selling of their goods and services to customers and clients. Customers and clients could find themselves in a situation where they are out of financial funds but yet they need dear want and desire to be satisfied and made comfortable, in time they buy things on credit from business owners and operators of these goods and services and promised to pay back when financially equipped which is usually agreed by both the seller and the credit buyer. For a business to issue out credit cell, is totally a good criteria for the business to win the interest and loyalty of its customers and clients. But yet it can totally be very harmful for business to indulge in over credit selling of its products and services to customers and clients. Making sales without profit all the time can totally liquidate your business, and in case were all the debt owed to you by customers and clients becomes bad and doubtful as a result of some factors like death of the debtor and insanity of the debtor, can definitely have a very critical and devastating effect on your business capability and ability to grow. [/QUOTE]
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Consequences of excessive credit selling in business.
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