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22 June, 10:19

Jodi owns a business that designs and creates lingerie. In an effort to get her product into as many stores as possible, jodi has been lenient on the terms of collection, allowing stores at least 30 days credit. As a result, it is taking her too long to collect payments and she has inadequate cash flow. What is the most likely cause of jodi's business difficulties?

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  1. 22 June, 14:12
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    Jodi is not adequately managing the financial aspects of her business.

    By being too lenient with the days credit, she is effectively damaging her business' cash flow.
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