The drawee in the case of a bill of exchange is the …

 T

he credit manager should

set the.... so that it discourages overspending, is fair and is affordable to

the customer.

The credit department of a large

retail enterprise that sells clothing on credit may be organised in terms of …

The collection of debtors plays a

vital role in the success of the enterprise's credit sales. That is why

enterprises want to collect debtors as... as possible.

Tebogo has an instalment credit agreement with First National bank (FNB) for his vehicle, which must be paid over 48 months. Which of the following is NOT an advantage for Tebogo in his agreement with FNB?

Neliswa has made some purchases at

Tshepo's Boutique. Tshepo has allowed her to make the payment for these

purchases over the next 30 days. Neliswa is a ________ to Tshepo.

Poor credit terms can

result in ...

In practice, buyers

can buy on their ... continuously (again and again) as long as they do not

exceed the credit limit.

If the credit period

is long ...

Identify the correct definition

of the credit standard.