The Major Differences Between a Premium Prestige Card and a Regular

question 87

Multiple Choice

The major differences between a premium prestige card and a regular credit card include

• A)higher interest rates.
• B)higher credit limits.
• C)additional perks and benefits.
• D)both A and B above
• E)both B and C above

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Definitions:

Off-Price Retail

Retailers who sell branded goods at lower than the manufacturer's suggested retail price, typically by offering surplus or out-of-season items.

Convenience Stores

Small, self-service stores that are open long hours and carry a limited number of frequently purchased items.

Self-Service

A system that allows consumers to perform services for themselves without direct assistance from staff, often facilitated by technology.

Extreme Value Retailers

Retailers that offer products at significantly lower prices than their competitors, typically by reducing costs through simple store designs and limited service.