Which of the following is NOT an objective of mercantile credit:

Maximizing sales at an acceptable level of risk.

Controlling expenses

Maintaining accounts receivable turnover

Providing better cash flow forecasts.

A credit policy should include:

The maximum amount that can be sold to a customer

The names of those involved in writing the policy.

The level of credit investigation and documentation required.

All of the above.

When considering the competition within an industry, we do not consider:

		barriers to entry
		bargaining power of buyers and sellers
		impact of economic cycle
		all of the above