The Ruiz Corporation, which owns a chain of specialty shops, has recently begun to accept credit cards.
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Question:
The Ruiz Corporation, which owns a chain of specialty shops, has recently begun to accept credit cards. On March 1, 2019, Ruiz made a credit card sale of $5,200 to a customer. The credit card company charges a fee of 3%.
Which of the following is not an advantage of accepting credit cards from retail customers?
A) The acceptance of credit cards tends to increase sales.
B) There are fees charged for the privilege of accepting credit cards.
C) The credit card company performs credit worthiness assessments.
D) The credit card company assumes the cost of slow collections and write-offs.
Related Book For
Foodservice Management Principles and Practices
ISBN: 978-0135122167
12th edition
Authors: June Payne Palacio, Monica Theis
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