Asked by Maritza Cabrera on Jul 01, 2024
Consider the case where a large firm tells its suppliers that even if they require terms of net 30, the large firm is going to take 60 days to pay. The large firm essentially tells its suppliers to take the terms or lose the account. Is this ethical? Would this impact small suppliers more than large suppliers? Explain.
Net 30
A payment term indicating that payment is due in full 30 days after goods are delivered or a service is completed.
- Scrutinize how economic environments influence a corporation's credit approach.
Learning Objectives
- Scrutinize how economic environments influence a corporation's credit approach.
Related questions
Of the Following, a Firm _______________ Will Likely Have the ...
The Delay in Revenue Collection Should Be Considered When Deciding ...
When Credit Policy Is at the Optimal Point, The ...
Which of the Following Is NOT Commonly Regarded as Being ...
Which Items Does a Firm's Credit Policy Consist Of ...