What is Credit Control primarily concerned with in a business?

Credit Control is fundamentally focused on maintaining timely payments from customers for goods and services. This aspect of business management is crucial because it directly impacts the company's cash flow, ensuring that funds are received when due to meet operational and financial obligations. By actively monitoring and managing customer payments, businesses can reduce the risk of bad debts, improve cash liquidity, and ensure that they can reinvest in operations or meet their financial commitments without interruption.

Additionally, effective credit control strategies involve assessing customer creditworthiness, setting payment terms, and following up on overdue accounts. This proactive approach helps to foster healthy customer relationships while protecting the organization’s financial health, aligning with the overall goal of maintaining profitability and operational efficiency.

The other options, while related to overall business management, do not accurately reflect the primary focus of credit control. For example, ensuring adequate cash flow and profitability is a broader financial management task, whereas monitoring supplier agreements pertains more to procurement. Additionally, managing inventory focuses on operational efficiency rather than the customer payment aspect of credit control.