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Credit sale is the need of every small or big firm. It is really crucial for small firms to initiate credit sale to survive in competitive environment. At the same time, the selection of customers to whom goods and services can be sold on credit is also vital. In this paper, a credit control model is developed for numerically scoring the creditworthiness of existing customers for further credit sale. The model is constructed for small manufacturing firms which cannot handle the extra cost of complex methods used for credit evaluation. Such model will support small firms to rank their customers based upon certain forecasted and current sales values and accordingly deciding whether to give credit or not and how much should be given?
Ms. Jyoti. 1970. \u201cCredit Sales Evaluation Model For A Small Firm\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 12 (GJMBR Volume 12 Issue A11): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
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Total Score: 101
Country: India
Subject: Global Journal of Management and Business Research - A: Administration & Management
Authors: Ms. Jyoti (PhD/Dr. count: 0)
View Count (all-time): 140
Total Views (Real + Logic): 20634
Total Downloads (simulated): 10954
Publish Date: 1970 01, Thu
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Credit sale is the need of every small or big firm. It is really crucial for small firms to initiate credit sale to survive in competitive environment. At the same time, the selection of customers to whom goods and services can be sold on credit is also vital. In this paper, a credit control model is developed for numerically scoring the creditworthiness of existing customers for further credit sale. The model is constructed for small manufacturing firms which cannot handle the extra cost of complex methods used for credit evaluation. Such model will support small firms to rank their customers based upon certain forecasted and current sales values and accordingly deciding whether to give credit or not and how much should be given?
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