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.