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It is said that of the vast number of small businesses that fail each year, nearly half are due to a lack of funding or
It is said that of the vast number of small businesses that fail each year, nearly half are due to a lack of funding or working capital. Effectively managing inventory, accounts payable and accounts receivable can be the key to remaining liquid and profitable. In your opinion, what is the key to having a positive working capital situation? Do you think it is reasonable/ethical to demand prompt payment from your customers, while at the same time demanding delayed/easy credit terms from your suppliers?
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