Business A-Level
credit control
What credit control means in Business A-Level, as defined for AQA.
Definition of credit control
Check what you remember
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Reference: AQA
Tightening credit terms or offering a settlement discount shortens debtor days, while stretching creditor days uses the supplier as a free bank until the supplier reprices or refuses.
Topics that use credit control
Related terms
- cash flow versus profit
- constraints on small firms
- debt factoring
- margins and return on capital employed
- price elasticity of demand
- profit versus profitability
- supplier bargaining power
- conflict between cash and profit
Using credit control in the exam
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