GDB Solution is here:
1. Why it is important to meet the pre-requities of a business?
- As whenever a business is started some condition must be satisfied before its commencement .
- Focus on Availabillity of capital to increase your business progress.
- In case of partnership, the conditions that what will be the ratio of dividend among partner in order to avoid conflict.
- What will be the liabilities of business in case when business is wound up? Because it doesn’t create any conflict
2. How credit sale could be helpful for a business to boost his business?
- A business make all it sale for cash but many business make some or even all their sales on credit.
- To offer credit sale by business is not lose the customer.
- A major benefit of offerring credit is to increase revenue compared to what revenue would be if all sale were for cash.
- The customer to whom we offer credit are keep in touch with the business and revenue will increase