FIN 610Lisa IodiceHomework 7 - FIN 610 Lisa Iodice Homework...

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FIN 610 Lisa Iodice Homework 7-5 What are the major arguments made by credit and marketing professionals for the extension of trade credit? One of the main arguments is that by extending credit, overall sales may be increased. This can happen on two fronts; trade credit might trigger a larger purchase and it also can aid in relationship building between the supplier and the customer. In a competitive arena, extending trade credit may increase revenue and gain market share. For a small business, this can be crucial in staying solvent; in essence you can buy equipment and supplies without having to pay up front. That equipment and supplies allow you to make sales, increase revenue and pay your bills on time. Trade credit is necessary in order to finance growth ("Trade Credit," n.d.). Why are credit departments in banks and major corporations implementing expert systems? In your answer, indicate what advantages and disadvantages companies that implement such systems might anticipate.
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