The Main Purpose of a Business's Credit Policy Is To

Multiple Choice

The main purpose of a business's credit policy is to:

A) Enable the business to issue credits reports and litigate easily.
B) Clarify the circumstances and terms on which credit will be advanced to customers and how debts will be managed.
C) Clarify the circumstances and terms on which the business will borrow money and pay its existing debts.
D) Build good relationships with customers by advancing credit to them whenever possible.