1 Sound credit management can play an important role in the financial success of a business.

Required

(a) Explain the role of the credit manager within a business.

(b) Discuss the major factors a credit manager would consider when assessing the creditworthiness of a particular customer.

(c) Identify and discuss the major sources of information that may be used to evaluate the creditworthiness of a commercial business.

(d) State the basis upon which any proposed changes in credit policy should be evaluated