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Definition: Credit Management is an approach consisting of multiple techniques to assure that buyers pay on time, credit costs are kept low, and poor debts are managed in such a manner that payment is received without damaging the relationship with that buyer. |
More on financial management: Absorption Costing, Accounts Receivable Factoring, Credit Rating, Customer Profitability Analysis, Debt Settlement, more on financial management... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic.
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