Examlex

Solved

A Company Recently Set Up an E-Commerce Portal to Sell

question 66

Multiple Choice

A company recently set up an e-commerce portal to sell its product online. The company wants to start accepting credit cards for payment, which requires compliance with a security standard. Which of the following standards must the company comply with before accepting credit cards on its e-commerce platform?


Definitions:

Zip Code

A series of letters, numbers, or both, assigned to different areas to facilitate mail delivery and identify locations specifically in the United States.

Trade Area

The geographic region from which a business draws its customers.

Market Segments

Subsets of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities like needs, characteristics, or behaviors.

Excessive Costs

Costs that exceed the expected or budgeted amount, often leading to financial strain for a business.

Related Questions