Payables management and Substitute product: Difference between pages

Revision as of 12:04, 2 July 2022

Economics.

A product which may be used instead of another product.

For example tea in place of coffee.

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-A policy of paying suppliers late reduces the amount of financing required from other sources, but this could increase the risk of penalty charges for late payment and will also inconvenience suppliers with whom a good relationship is important.
+''Economics''.
+A product which may be used instead of another product.
-Effective payables management involves - among other things - finding an appropriately balanced level of payables.
+For example tea in place of coffee.
-Also known as creditor management.
 == See also ==
-* [[Creditor days]]
+* [[Complementary product]]
+* [[Demand]]
+[[Category:The_business_context]]