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Credits - Coggle Diagram

- - - - production methods geared toward mass-marketing
    - - example of buying on open account or installment plan
  - - - intended to finance agricultural production
    - - cold storage warehouse which store the perishable goods
    - - transaction for which cash is not paid on or before shipment of goods out of the country
    - - intended to financing needs of industries
    - - termed as mercantile credit
    - - credit is purposely for construction, acquisition, expansion or improvement of real estate properties
- - - - Centralized
        
        Credit Controlled and Administered at a Headquarters Office
        
        Benefits of Centralization
        
        Fewer checks per customer
        
        Reduction in number of lockboxes
        
        Speed up receipt of payments
      - Decentralized
        
        Credit Controlled at Headquarters but Administered from Decentralized Locations
        
        Benefits of Decentralization
        
        Enhances relationship with customers
        
        Faster response time
  - - - Manage data
      - Handle new situations
      - Act with tact, diplomacy, emotional stability
      - Analyze complex problems
      - Personnel Characteristics and Qualifications
      - Make informed decisions
      - Direct the work of employees effectively
      - Handle customer and internal relations diplomatically and decisively
      - Acquire and maintain required job knowledge
      - Appraisal of Personnel
        
        review of how these expectations are met
      - Training
        
        Considerations in a Sound Training Program:
      - Employee Enhancement
        
        Continuing Education
        
        Training Options for the Small Credit Department