Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 10 Answered

wt is prompt repayment??
Asked by Sameekshya Padhi | 25 Feb, 2015, 07:46: PM
answered-by-expert Expert Answer

Prompt payment is very important to the cash flow of every business within the supply chain. Not only timeliness of payment, though fast payment is also good for business. It enables business to plan both for their short and long term futures. In rural areas, the main demand for credit is for crop production. Farmers usually take loans at the beginning of the season and repay the loan after harvest. Repayment of the loan is dependent on the income from farming. If the farmer repays the loan amount within the stipulated period, it is called prompt payment. 

Answered by Tharageswari S | 26 Feb, 2015, 09:30: AM
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×