The heads of the marketing and finance areas at your busin
Question and Solution
The heads of the marketing and finance areas at your business are arguing about tight versus easy credit policies. One feels the policy should be tightened, and the other feels it should be eased. The division manager is concerned about which approach to use and asks for your advice. Prepare a memo to the division manager stating arguments for and against tight and easy credit policies. The manager will use this information to decide on which policy to establish.