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The finance division of a leisure boat manufacturer has received a request for the provision of floor plan financing from the manager of a marine

The finance division of a leisure boat manufacturer has received a request for the provision of floor plan financing from the manager of a marine dealership.

  1. Explain the purpose and operation of floor plan financing.

  2. Briefly identify a range of measures that the finance division will enforce in order to protect its position as the provider of floor plan finance.

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