NICA CCCA Practice Questions - NICA Certified Chartered Credit Administrator Exam

What is the primary objective of a corporate credit policy in a Nigerian commercial enterprise?

To maximize sales volume at all costs without regard to cash flow To completely eliminate bad debts by refusing credit to all customers To optimize profitability by balancing sales growth with acceptable credit risk To shift all credit collection activities to third-party debt recovery agencies

Correct Answer:

To optimize profitability by balancing sales growth with acceptable credit risk

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