Practicing Success
If a firm has decided to sell its product on a cash basis only, it is part of firm's............. |
Policy Planning Strategy Method |
Policy |
The correct answer is option 1 i.e. Policy. The decision to sell a product on a cash basis only is part of the firm's policy. Policies are guidelines or principles that dictate decisions and actions within an organization. In this case, the cash-only selling approach reflects a specific policy regarding payment terms. |