Which of the following measures should he put in place to help reduce this risk?

James owns a small company which sometimes suffers from credit risk.

Which of the following measures should he put in place to help reduce this risk?
A . Introduce credit checks for new customers.
B . Reduce the company bank loans.
C . Pay suppliers’ invoices quicker.
D . Look for a loan with a lower interest rate.

View Answer

Answer: A