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Town Hardware sells goods on credit with payment due 30 days after purchase. If payment is not received by the 30th day, the store mails
Town Hardware sells goods on credit with payment due 30 days after purchase. If payment is not received by the 30th day, the store mails a friendly reminder to the customer. If payment is not received by the 45th day, the store calls the customer and requests payment and also stops offering credit to that customer. These procedures are referred to as the store's:
Multiple Choice
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credit policy.
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collection policy.
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payables policy.
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disbursements policy.
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customer service policy.
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