Question 1

How can CFO's prepared in case of a recessionary period, since corporate cash conversion cycles typically increase in length by a significant amount? What are the alternatives for CFOs to keep a good relationship with customers and suppliers? Please provide through explanation and samples to support answer. Thank you!

Question 2

For CFOs, is CCC the best or the only option during a recessionary period? Why? If not, why not? Please provide through explanation and samples to support answer. Thank you!