Working Capital Management: Understanding and effectively managing working capital is crucial for small businesses to maintain liquidity and meet their day-to-day operational requirements. Credit Management: Knowledge of credit appraisal, credit rating, and credit risk management helps small businesses in assessing the CAIIB creditworthiness of their customers and managing their credit exposure. Cash Management: Efficient cash management techniques help businesses optimize their cash flows, minimize idle cash, and effectively manage their payment and collection processes. Trade Finance: Understanding trade finance instruments such as letters of credit, bank guarantees, and documentary collections can assist small businesses in facilitating international trade transactions.
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