Customer Purchases Using Credit Cards Are a Significant Source of Revenue

question 159

Essay

Customer purchases using credit cards are a significant source of revenue for many retailers. From the standpoint of a retailer briefly discuss some advantages and disadvantages of a retail store having its own credit card as opposed to accepting one of the national credit cards (e.g. Visa MasterCard).

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Definitions:

Two-Party System

A political system dominated by two major parties that alternately control government power, often to the exclusion of smaller parties.

Party Identification

The political party with which an individual identifies, often influencing their voting behavior and political opinions.

White Southerners

A demographic group in the United States, historically associated with the southern states.

Political Parties

Organizations that seek to achieve political power by electing their members to public office.