List and explain the points of financial impact on a company if it raises the credit standards...

Question

List and explain the points of financial impact on a company if it raises the credit standards required of its customers who utilized trade credit offered by the company.

Robert · Accepted Answer

Credit Standards: 
Credit standards is a term used to denote the financial strength of a particular person or entity, 
credit standards plays very critical role in determining whether credit should be granted to a 
particular person or not. Every company has its own credit standard evaluation method, in which 
different aspects are being judged on various parameters and final assessment is based on 
cumulative results of all the parameters.

List and explain the points of financial impact on a company if it raises the credit standards required of its customers who utilized trade credit offered by the company.

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