User Account

All Pages

Screening of new credit customers

Assignment Help Business Management
Reference no: EM132590284

Read the situation and answer the question.

Steve Jones is the 35-year-old owner of a highly competitive small business that supplies temporary office help. Like most business people, he is always looking for ways to increase profit. However, the nature of his competition makes it very difficult to raise prices for the temps' services, while reducing their wages makes recruiting difficult. Jones has, nevertheless, found an area-bad debts-in which improvement should increase profits. A friend and business consultant met with Jones to advise him on credit management policies. Jones was pleased to get this friend's advice, as bad debts were costing him about 2 percent of sales. Currently, Jones has no system for managing credit.

1. What advice would you give Jones regarding the screening of new credit customers?

Reference no: EM132590284

Questions Cloud

Part of a virtual team : Suppose that you are part of a virtual team and must persuade other team members on an important matter
Calculate the payback period for each alternative : Using a discount rate of 10 percent, what is the NPV of each alternative? What is the internal rate of return for each alternative?
Creating a powerpoint presentation : creating a PowerPoint presentation - You chose air quality, you will present to at least one organization leader
Current credit customers to pay debts : What action should Jones take to encourage current credit customers to pay their debts? Be specific.
Screening of new credit customers : Steve Jones is the 35-year-old owner of a highly competitive small business that supplies temporary office help. Like most business people
What is The break-even point for DS Corporation : Product (X 2) had sales of $180,000 and variable expenses of $60,000. And the fixed costs of the entire company.What is The break-even point
How estimate what is the break-even point : What is The break-even point? D.S Corporation produces and sells two products. In the most recent month, Product (X1) had sales of $120,000
Set up an integral for the volume of the solid : Sketch the region enclosed by the curves x = y2 - 2y and y = x. Set up an integral for the volume of the solid obtained by rotating this region
Compute process quality yield : Compute process productivity. Compute process quality yield. The Pretty Corporation produces small plastic dolls in its Davao manufacturing plant.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd