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Q5: What are the best ways to determine the credit worthiness of a potential customer? Why are these the best ways? Q6: UK Export Finance
Q5: What are the best ways to determine the credit worthiness of a potential customer? Why are these the best ways? Q6: UK Export Finance states that When it comes to exporting, having a great product or service is only half the story. Putting the right finance and insurance in place can make the difference, helping you to win contracts, fulfil orders and get paid. Why do exporting firms need to rely on a government agency, instead of the private sector, for finance and insurance? Q7: You are trying to decide which of two (2) firms to sell to. They are both in the wholesale plumbing business, but their gross margin and inventory turn figures are very different. Alpha International has a maintained margin of 49% and inventory turns of 3.5. Beta Holdings has a maintained margin of 35% and inventory turns of 5.3. The standard payment terms offered to their customers by firms such as Alpha and Beta are 2% 10/Net 30. Which firm, Alpha or Beta, should you sell to? Why? Q 8: The COVID-19 pandemic has meant that many retailers have gone out of business. If you were looking at a retailer's financial statements what ratios would you use to determine if they are likely to survive? Are there other things to look for in a firm's business or business model that might provide some indication of its likelihood of survival
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