It’s common business knowledge that it’s cheaper to retain a current customer than it is to attract a new one. Acquiring new customers costs five to 10 times more than selling to a current customer ...

An expense is a cost that a company incurs to generate revenue. It may be categorized as an operating expense or a nonoperating expense.

A factor is a financial intermediary that purchases receivables from a company. It agrees to pay the invoice, less a discount for commission and fees.