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James owns a small company which sometimes suffers from credit risk.

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James owns a small company which sometimes suffers from credit risk.

Which of the following measures should he put in place to help reduce this risk?

A.

Introduce credit checks for new customers.

B.

Reduce the company bank loans.

C.

Pay suppliers' invoices quicker.

D.

Look for a loan with a lower interest rate.

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CIMA P3 Summary

  • Vendor: CIMA
  • Product: P3
  • Update on: Sep 17, 2025
  • Questions: 339
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TESTED 17 Sep 2025